Thread regarding Rockwell Automation Inc. layoffs

Proxy Highlights Blake's Failure

"The actions we took to align costs with current business conditions and to create a strong foundation for future growth and expanded profitability included a 12% reduction in our global headcount from peak levels in early fiscal 2024. The volatility of the past five years has challenged the entire industry, but we have reason to be optimistic, even excited, as we enter 2025. "

Read the proxy - Blake certainly has reasons to be optimistic. He continues to receive millions in compensation while the company is shrinking and total shareholder returns have lagged the S&P500 for 3 years. But hey, he eliminate 12% of the workforce from its peak. A peak that he created and the board enabled by overpaying for ill-advised acquisitions.

Enjoy the 1-2% every ~18 months, no AEIP, and looking over your shoulder wondering if you'll be the next professional casualty for the sake of cost savings... The savings to cover the exec compensation need to come from somewhere.

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| 2201 views | | 8 replies (last January 16, 2025) | Reply
Post ID: @OP+1jgrzdh73

8 replies (most recent on top)

I think In vimal kapur Honeywell have a good CEO, his some interviews on YouTube are incredibly insightful on the future of automation and industry. On the other hand, it's quite cringe-worthy whenever I hear our leadership speak honestly. This whole lot doesn't inspire confidence

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Post ID: @20x+1jgrzdh73

The biggest accomplishment that Blake wanted to spotlight for shareholders in 24 was workforce reductions?

Job cuts are the number one highlight of last fiscal year?

Businesses go through challenging times but this is the leading statement in a proxy?

Wouldn’t you want to highlight organic efforts around innovation, growth, successful customers?

How can that not be viewed as a failure of leadership? This is the best you can do?

Looking forward to the tap dancing on upcoming earnings call around the performance of acquisitions. Root cause of the performance is clear - blame COVID and distributors working through inventory.

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Post ID: @1zr+1jgrzdh73

Here is another tip for folks who are grandfathered into healthcare with Rockwell. The amount has maxed out and my retirement healthcare cost from Rockwell are now $1300 a month. I could get Obamacare for the same so if you are 59 or older and staying because of this, you should do the math. The company is sc--wing you again (although I don't fully blame Blake). But if you think the "company" values you, wake up. They don't. Rockwell is in the bottom 50%, but no company cares about you. You only have so many heartbeats, don't waste one more second than you need too. If you are young, chase a better salary as quickly as possible.

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Post ID: @17p+1jgrzdh73

Blake won’t get voted out. He is bad but not horrible. The board is stocked with his picks. Proxy votes won’t change anything because too few people are engaged. If you hate Rockwell, leave. Don’t be a wu-s. Otherwise figure out how to work in the low functioning environment

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Post ID: @x0+1jgrzdh73

Point is - if you’re are a direct or indirect shareholder, you have an opportunity to vote. The proxy was sent on January 3rd, so new information along with Blake’s opening comments that start with headcount reductions.

If you take the time to look at the proxy, Blake’s total comp for 24 was +16M and he has +500,000 rsus/options.

If you’re happy and think the company is headed in the right direction then keep moving, nothing to see here.

If you feel there is a need for change, read the proxy, vote, encourage others to do so.

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Post ID: @n5+1jgrzdh73

So what's your point? You keep repeating the same cr@p over and over again, why? How about some new, current info regarding layoffs/firings? At the very least, find something new to b!tch about.

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Post ID: @fb+1jgrzdh73

12% reduction in our global headcount from peak levels in early fiscal 2024. True. This is 12% net change.

Let us not forget an additional 15-20% of NA workforce (mostly remote) that was displaced by the remote workforce in India.

I anticipate that more of NA workforce (mostly remote roles) will be outsourced to India. Sadly.

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Post ID: @eh+1jgrzdh73

Agree. Blake is a complete I d i o t. He forced all the good leaders out and now has a weak team and a pathetic board of buddies who know nothing. Becky has been his sycophantic side kick and jointly they have ruined the culture and underperformed ALL of the competitors. Them Blake has underfunded controller development, underfunded safety product development, tried to force cloud based software into stupid areas and bought poor software companies at exorbitant prices. Even the recent wins are by luck. Asem optix software was a lucky win and cubix data center business was not because anything Rockwell leadership did. Investors need to wake up.

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Post ID: @as+1jgrzdh73

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