In the severance document at the end, they list the job title and age of the employee who was riffed. 77% were age 40 and older. 23% were less than 40. If that isn't age discrimination on a massive scale, then what is? My role was given to another employee younger, but as experienced as I was. I was not let go for performance reasons. I'm angry and there is nothing in my discipline that I can find online making it even worse to find employment after all these years of service. They gave me almost no notice of the riff. I barely had time to say goodbye to many of my coworkers. I understand if I were old and not able to think, and not able perform my job, but that isn't and wasn't the case here.
Roughly 2% of the 102K employees (slightly less than 2K employees were riffed).
If each employee made roughly $100K (just an off the top average guess) and there were 2000 employees, the company stands to save $200M per year in direct salary costs alone. That figure doesn't include payroll taxes, health insurance premiums, 401K matching contributions which they sc--wed us on as well as they pay it out at the end of the year (and not prorated to my knowledge), they sc--wed me on vacation time that I didn't use earlier in the year to keep the project on track, nor the floater holidays that I didn't take early on but had scheduled my vacation later in the year. Also this doesn't include bonuses (which I didn't get anyway, same with stock options or other benefits. Thus in total I estimate the guys at the top saved closer to $250-280M annually. I guess greed is good for the guys at the top.
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Sorry to hear that OP.
I'm hearing Honeywell layoffs are continuing in Charlotte, Ohio, Kansas, and other locations.
I’m getting hired by Honeywell at age 56. Wish me luck.
@cy That is how I feel right now. The amount of money I saved them in cost improvements paid for my salary, they just don't see it directly when it comes to salary, even with those numbers documented. You are correct not to take it personally but it hard to lose one's sense of identity and purpose without any prior notice whatsoever. One day you walk in with your focus solely fixated on getting an critical task done for the project, and next thing you know, you are tossed out. It just was communicated so poorly and without any advanced notice.
@hx That is precisely how I felt. I loved the work. I enjoyed the projects and the good coworkers around me. I was motivated to do great quality work as quickly as I could go. That is the part that hurts the most. Losing access to expensive licenses also hurts as I can't keep up my skills then without spending huge amounts of money for those licenses.
@jt My product was not riffed. It was handed to a younger employee. The product is still ongoing. The product line of the younger employee had no orders. Our facilities orders were way down across multiple product lines. They chose to shift that younger employee into my role and let me go. I had no performance issues. All my projects were done on time. What is done is done unfortunately. I'm angry about it. You bet. It was extremely unfair that I had no real notice and the job market is wretched for my area of expertise and my age. I'm just venting here. Not that anyone cares but I'm just getting this off my chest. I worked my duff off and it still didn't matter.
@k0 lol, they are edging themselves out of business. Have you seen the quality of people remaining at Honeywell? A bunch of incompetent yes-men.
Honeywell needs to be edged out of business. They are predatory.
@cy you were not riffed.. your product/business was riffed. Honeywell enters and exits businesses 40-50 times a year. Sometimes business goes badly like the total disaster that was intelligrated failing to deliver on an Amazon contract and getting blackballed. That sc--w up destroyed the entire intelligrated brand making the business next to worthless. Good job.
@fq+1k30dx6m3, maybe we planned properly and can afford to retire, but really enjoy the work we do.
Sounds like somebody spends most of their working day figuring out how to invest and grow their savings! Excellent!
Take note newbies, that's a master class on how its done
@fq Lets see if you’re correct about how some us grey hairs aren’t planning correctly.
- fully funded pension with $500k lump sum option thats still growing $8k/year
- unlimited vacation
- health & disability insurance etc.
- dumping all paychecks into tax deferred savings 401k & Roth maxed out
- $9-10k 401k match every January
- HSA $25k growing at 12%\year tax free plus anther $10k contributions)
- 401k $3.75k
- Roth $250k
- CD’s $450k
- House & vacation condo paid off
- Cars, boat, motorcycle paid off
- social security payment (since not taken yet) goes up 6-8% a year, and will be $4k per month by not taking yet
Not to mention the free dinners every week at expensive steakhouses paid for by financial planners who want to manage portfolio.
I guess I’m not planning properly……..
If you are older than 60 and still working you failed to plan properly. This means you should be let go for not being very intelligent.
@OP How many names made the list?
Where RIF happened? Not Aero I hope
good job with the data analysis. can you let us know what location and how many? cant find any warn notices yet.
Never forget at Honeywell you’re only a number. It doesn’t matter how good your previous performance or how unique your skills / experience. Honeywell senior management s*cks. Making the next quarters numbers are all that matters. And yes I was over 60 yrs when riffed.
Hey, I was a top performer with a big success ratio and high standing, arguably the only member in my team that could still get a decent product to market. They unceremoniously dropped me without warning. DO NOT take it personally, Honeywell is truly the d-mbest corporation on the planet, by saving 155k a year RIFF'ing me cost them literal millions in revenue. No product has been launched since I left, that was years ago. So many stories like mine, biggest clown show on the planet!