I applied for an Infrastructure Engineer position at RTX and after all the interviews, d–g test, background test, I got a job offer.
Looking at the news of Mass layoff (8K layoffs by Raytheon, more layoff by the end of 2020), I'm in a little dilemma if I should accept this offer.
Also, it looks like the most impact happened in the Collins Aerospace and Pratt&Whitney division, but wanted to get some insight from current employees who works at Intelligence and Space division.
Should I accept this offer?
Any suggestions would be helpful.
Thanks!
11 replies (most recent on top)
The position you were offered has no connections to commercial division.
Since you qualified for the position when they were looking , then accept the offer.
Just keep in mind to always update your resume and be on the look out for better offers when it presents itself.
You’re beholden to no company, as no company is beholden to you. The illusion of long term employment with one employer is an old notion.
As a current employee of Space Systems, we have been full bore with work. I think there may have been a few layoffs on the TE,ME side perhaps. Though on the floor we are extremely busy. They have not extended the voluntary or involuntary package for anyone in space systems. We have been exempt from the furloughs as well hourly, though there are random days here and there for salary folks. I think Space has a decent future as a bunch of our contracts are already paid for. This election can be crucial for Space systems and the space program. Lets hope it goes the right way and we stya on track with all of the missions set fourth by Nasa.
They were also exempt from the UTC pay cut / furlough if they were NOT direct charge but picked and chosen (by random) to be "essential."
Not exactly. If he were a direct charge employee for a military program, they were exempt from the pay cut / furlough.
Funny story. I know someone who left RTN for UTC before the merger (RTX). He said he got a bump in salary. I bet he is being subjected to the 10% salary reduction (is not laid off by now). The million dollar question is: Was his bump in salary more than 10% (and don't forget the less stable environment)? THINK THRU YOUR CURRENT/FUTURE JOB OFFERS.
If you're on the younger side (i.e., 20s or 30s) you should be fine for a few years at least. If RIS is willing to hire you in this environment, then your job is not likely at risk of being eliminated in the near term due to restructuring or cost containment issues.
As someone else indicated, the decision here depends a lot on whether this job will improve your financial situation and career development (i.e., are you coming from a smaller lesser known company or straight out of school? Are you going to get at least a 25% increase in pay?) If not, then I query whether this is the right move for you. Otherwise, go for it!
The question to ask yourself is what is your level of risk you're willing to take at this point in your career?
Without a doubt, joining RayTech now will be a risky move. Current Defense spending will impact future contracts. This merger will keep things unstable for employment for a couple of years. Even if it does stabilize the new organizations have to start from scratch and re-establish roles and responsibilities, without redundancy. This will may raises and promotions difficult in the beginning.
However, getting in on the ground floor of a new organization now may be a great springboard for your career. Its a touch choice and I don't envy you. Be honest with yourself and good luck.
Thank you all for your suggestions. This really helped me a lot!!
There’s an old adage in regards to layoffs. First in, first out. Now that’s not always true but if you are making enough money where you currently are to pay your bills and live comfortable, why jeopardize that by going into a company that has at least a 60-40% of laying you off at some point in the next 2-3 years. It’s an election year and this year had a lot of money sent out by the government from the stimulus package. There is a very good chance defense spending sees at least a moderate decrease in orders to account for the money spent this year. It’s really up to you, but personally I wouldn’t risk it if you’re doing well comfortably financially speaking at your current job. Just because you don’t accept it now doesn’t mean you can’t later. I applied 3 different times before I actually accepted their offer.
I think you will be ok in RIS, but if it were the corporate infrastructure group, I would be concerned.
So far, space and intelligence hasn’t been impacted but you cant’t be certain of future moves. I think it’s a good company overall. RTX stock is not doing as well as other defense companies due to p&w and Collins. This hopefully take care of itself in the long term.