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Lockheed Martin

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Lockheed Martin reviews about "layoff"

73% positive business outlook

Reviews by job title

228 reviews
3.0
Jul 8, 2017
Recommend
CEO approval
Business Outlook

Pros

Good medical benefits, local discounts and every other Friday off with the 9/80 work schedule. Nice people and work area.

Cons

Layoff people in a heart beat, raises very small percentage and salary low. Only good salaries are director level and above. Also very young workforce. Laid off quite a few older workers last year. They do not treasure experience. Cheaper to hire millennials than pay for high experience. If you are over 50 odds are you will not get hired.

5.0
Aug 8, 2017

Retired Professional

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Huge opportunities for changes in skill development within the company. Highly ethical environment. Many sites now do 9/80 work weeks giving you every other Friday off.

Cons

Company is tied to government spending and therefore there are layoff potentials. Career expansion opportunities often involve ability to relocate

2.0
Sep 14, 2017

Your skills don't matter

Recommend
CEO approval
Business Outlook

Pros

The salary, 401k options and overall benefits were good. Will wait to see if they try to buy me out of my pension in a few years. But that was about it.

Cons

Being subject to poor management, which protects 'club members' when layoffs occur. The company has no interest in retaining the best talent, which has been amply displayed.

5.0
Sep 17, 2017
Recommend
CEO approval
Business Outlook

Pros

The immense patriotic satisfaction of delivering a technologically advanced product to our military service branches to ensure continued national security dominance over all others. Working with a diverse group of talented people with different backgrounds to achieve a common goal. Having a pay scale, benefits package, and work schedule to fit your needs and quality of life. Plenty of camaraderie and activities, such as Christmas parties, softball teams, and recognition events.

Cons

The chance for layoffs when a program completes. Some of the contractor jobs are union, which means that performance reviews are basically non existent for highly motivated individuals. There are some slackers who should not be compared to other hard workers at all. Other than that, the union is a generally good thing for a voice in such a huge company of industry professionals. I'm neither for it or against it, I just roll with it because it's mandatory.

4.0
Aug 9, 2017
Recommend
CEO approval
Business Outlook

Pros

Great benefits and flexible hours

Cons

When layoffs occur, it comes from higher up so they may not know the importance of the person they are laying off. They should get more guidance from technical leads and management.

4.0
Oct 18, 2017

Safe and Reliable

Recommend
CEO approval
Business Outlook

Pros

Lockheed avoids layoffs like the plague.

Cons

Standard issues with large corporations. Too big to innovate.

2.0
Sep 22, 2017
Recommend
CEO approval
Business Outlook

Pros

Big company but a small work group lots of meetings with food

Cons

hired me in for a project that was cancled the day I started. gave me a verbal warn notice for layoff on my first day. reporting manager totally uninvested in helping me integrate into the new team. lots of turn over

4.0
Jun 27, 2017

Market Research Planner

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

I'm proud to be able to say I worked at Lockheed. Great company, very smart and talented people. Work is very interesting and diversified.

Cons

Unfortunately, working with Government contracts they run the risk of not being renewed; hence sometimes substantial layoffs can occur.

Viewing 28 - 30 of 228 Reviews

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