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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
5.0
May 20, 2023

Solid Career Company

Recommend
CEO approval
Business Outlook

Pros

Super solid company to work for. Always work to do, even if it's not always the most glamorous. No layoffs in many years. Pay is fairly competitive especially when you factor in 401k match and bonuses. Respectful culture. People are there to get work done and try to do the right thing.

Cons

Easy to stagnate if you don't advocate for yourself. Moving around inside the company is a common way to grow, as in-role promotions become harder to come by at higher levels. Bureaucracy can definitely hamper progress and be frustrating to deal with.

3.0
Apr 12, 2023
Recommend
CEO approval
Business Outlook

Pros

- Remote 3 days per week - 401k match and great benefits - Flex scheduling (I normally work earlier in day with few issues outside of certain presentations or close weeks)

Cons

- Must commute to office one day per week in business area positions, even if it doesn't make sense (corporate positions are fully remote) - Hiring/promotion process takes a LONG time: my L2 promotion took 4 months and L3 offer took 2.5 months - Recently offered internal promotion to Sr. Accountant, but were not willing to negotiate or counter surprising lowball offer (and also wanted me to change schedules/vast increased hours with no training help) - New management and executive teams have led to a lot of people leaving for fully remote jobs. They're trying to cut costs and not force internal layoffs.

4.0
Apr 28, 2023
Recommend
CEO approval
Business Outlook

Pros

Job stability is a plus, because they don't do mass layoffs, of course that is compensated by an organic form of gradual attrition. The flexible work hours and telecommuting option have been a GAME-CHANGER for me! I l really enjoy working from home

Cons

The compensation scheme is pretty lackluster. Expect to be working in the same role for a decade in between promotions. The company is too inflexible to really maximize the talent of bright stars and the promotions usually go to those who are the most productive, not necessarily the smartest, most talented, or most capable (I.E., it's a work hard, not smart environment).

4.0
Mar 25, 2023
Recommend
CEO approval
Business Outlook

Pros

Great company; learned a lot.

Cons

Depending on government contracts - layoffs.

3.0
Jun 17, 2023
Recommend
CEO approval
Business Outlook

Pros

Little to no layoffs and good mobility to other positions in lockheed

Cons

Low compensation and lots of red tape

Viewing 16 - 18 of 228 Reviews

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