DECEMBER 9, 2020 — 144 LAYOFFS IN COLORADO SPRINGS, COLORADO
The company has announced 144 layoffs in Colorado Springs, Colorado after the loss of the North American Aerospace Defense Command Integrated Space Support Contract to Dallas, Texas-based Jacobs. The contract involved supporting classified communications and processing for command and control operations from air- and space-based threats to North America.
OCTOBER 27, 2020 — MAJOR PAIN AHEAD — NOW 19,000 LAYOFFS
CEO Greg Hayes used the company’s earnings call to announce that Raytheon Technologies is cutting 15,000 staff and 4,000 contractor positions, largely at the company’s Pratt & Whitney and Collins Aerospace divisions, due to decreased commercial aerospace sales from COVID-19 pandemic.
SEPTEMBER 16, 2020 — 15,000 JOBS TARGETED ACROSS THE ENTERPRISE
The company has announced that it plans a major reduction in force that will impact 15,000 jobs company-wide, including divisions Pratt & Whitney and Collins Aerospace.
JULY 30, 202O — CONTINUING RESTRUCTURING,MAJOR JOB LOSS WITH PERMANENT LAYOFFS.
CEO Greg Hayes:
“The effects of the pandemic on the economy and commercial aerospace has proven to be a hell of a lot worse than what we originally projected even a few months ago.
“For that reason, we now would expect it will take at least until 2023 for commercial air traffic to recover to 2019 levels. As a result, we're evaluating what further actions and structural changes we need to make to our business to adjust for a prolonged recovery timeline.”
“I think it’s important to note, the commercial aerospace reduced to about 8,000 positions. Some of those will come back with volume. Some of them will be permanently reduced.”
“As I said, we’re also taking a hard look at the businesses given the environment and the prolonged recovery, and we’re going to take additional actions as we think is -- are appropriate. We will be nimble. We’re going to remain focused on what we can control and we’re going to adapt to the current environment and position our commercial aero businesses for growth, while also maintaining solid growth on the defense portfolio.”
OCTOBER 30, 2018 — Original post…
Waltham, Massachusetts-based Raytheon, the iconic communications and defense contractor, has announced the layoff of 52 Orlando employees in its Orlando, Florida facility following the loss of a $3.5 billion dollar competitive contract to Lockheed Martin's Rotary & Mission Systems division in east Orlando, Florida. The facility will be partially closed. The contract covered the Army’s training aids, devices, simulators, and simulations maintenance program and will result in the layoff of skilled personnel in procurement, contract management, systems analysis and programming, and logistics.
According to a Raytheon spokesperson, “This is the result of the natural conclusion of our Warfighter FOCUS contract, which had trained virtually every U.S. Army soldier over the past 10 years. However, we continue to support our government customers’ training needs from our Orlando facility and other global locations as part of various other training contracts.”
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?