10% layoffs at Panasonic in SoCal

Panasonic Avionics
Beezers

Panasonic Avionics

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Beezersmore
Jan 29 7 Comments

This division has kept the parent companies (Panasonic North America and Panasonic) afloat but it looks like it is now time for this brand to size down to a battery company.

We were served frozen hamburger patties and hot dogs in a local park for the holiday party. Yes, holiday party. Long gone are the days with parties with open bars in hotels and luncheon at Disneyland.

They want to lay off 10% to help pay for the consultants they hired from Pleasanton and the millions of $ in bonus to the CTO while the average pay increase across the board was less than 1%.

Pathetic! Do not join!

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    • Panasonic Avionics
      Beezers

      Panasonic Avionics

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      Beezersmore
      OP
      Starting to.
      Jan 30
  • Panasonic Avionics
    Beezers

    Panasonic Avionics

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    Beezersmore
    OP
    Hahaha - did you see the webcast today?
    Jan 30 1
    • Panasonic Avionics JiFf68
      Indeed.
      Jan 31
  • Panasonic Avionics JiFf68
    The new execs are just rehashing their failed digital stratgey from GE not an original thought from any of them. They’ll be gone in 2 years imo after failing to transform pac into a whatever the hell they are trying to do. I think its to piss off all the employees.
    Jan 30 0
  • Consultants from pleasanton??? Workday folks?
    Jan 30 1
    • Panasonic Avionics
      Beezers

      Panasonic Avionics

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      Beezersmore
      OP
      AWS. Because, you know, that is the future. We are 20 years behind on everything.
      Jan 30
  • Panasonic Avionics GHsF18
    How does someone know CTO for millions in bonus??
    Apr 11 0