1.0
Aug 19, 2013
Former employee, more than 5 years
McKinney, TX
Recommend
CEO approval
Business outlook
Pros
Good Salary, Great Benefits... unless you get laid off
Cons
Layoffs resulting from Senior management failing to remain competitive and rely on sole source contract renewals versus competing for new business resulting in the demise of at least one of the major business divisions at Raytheon. The leaders get the golden parachutes while the employees get the layoff notices... 5,000-10,000 of them in 2013 with Wall Street cheering on the current CEO who is also about to retire and wants to preserve the value of his stock options.