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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
4.0
Aug 24, 2019
Recommend
CEO approval
Business Outlook

Pros

Good salaries. Decent benefits. Interesting work. Will pay overtime to salaried workers in certain circumstances. Layoffs are rare. When layoffs do occur, they are managed fairly and with significant advance notice.

Cons

Promotions are rare for senior level and difficult. You have to change positions to get promoted. But, most internal positions are "wired". Bonuses and cash awards are a joke.

3.0
Dec 10, 2019
Recommend
CEO approval
Business Outlook

Pros

Steady paycheck, available benefits, heated and cooled cubicles (when the HVAC is working right). Very occasional contact with the DoD users of the system revealed the importance of the program. (Once you had clearance and need-to-know of course.)

Cons

I survived 14 years of threatened quarterly layoffs including one where a reorg put me under a manager who immediately put me on the layoff list. I was saved by a different manager who actually used my work product to fulfill a program contractual requirement and knew that nobody could replace me. Employees are managed awfully much like a cattle drive with binge hiring and binge firing and no interest in training. You'll eat dust and like it! Manager positions go unfilled even when existing managers try to twist arms and offer encouragement. The smart people know it's a trap and say no - even the ones identified as high-potential employees who are given special nurturing. A few of us retirees have occasional lunch with still-working employees. Apparently the environment has not improved and new employees only last a few months before shaking the LM dust off their feet and moving on. There is no sense of team nor collegiality within so the still-employed have to look outside for some social contact . Not an iota of understanding of "social capital" to be found. I put up with it so my chronically ill wife could get treatment. When she died - I was done with LM.

3.0
Aug 17, 2020

Okay

Recommend
CEO approval
Business Outlook

Pros

good benefits and pay, loved my coworkers

Cons

reorg layoffs, not a lot of training offered

3.0
Feb 18, 2019
Recommend
CEO approval
Business Outlook

Pros

Decent salary for the area (Orlando)

Cons

Good ol boy network of managers (think Golf playing, Country Club, the "in" zip code or residential subdivision, Smoking Area clique, etc). When the layoffs and restructurings come which they do often, if you don't suck up to the Manager du jour you will be the first ones to go without any consideration for skill set or job performance.

2.0
May 9, 2018
Recommend
CEO approval
Business Outlook

Pros

Company is stable, well-known and revered in the market. Moving around (laterally) within the company is fairly easy. Getting every other Friday off and Christmas vacation is a plus.

Cons

Lack of diversity in leadership. Leadership often does not stand by employees. Completely disorganized. Constantly rolling out new company-wide initiatives that never pan out. Work-life balance isn't the greatest. Pay is low compared to market. Benefits package has declined. Lots of nepotism, favoritism, and lack of advancement for the hard-working. Talent is often overloaded with work while under-performers aren't reprimanded. HR works against employees, ethics board is a joke and retaliation is rampant when wrongdoing is reported. Constant layoffs. Advancement is nearly impossible. If you are forward-thinking, creative, and looking to grow, avoid Aeronautics all together. Nine times out of ten you will be doing work that does not correlate to your skills--or doing work that does nothing to grow or enhance your competences.

3.0
Oct 22, 2018

Planner

Recommend
CEO approval
Business Outlook

Pros

Great 401K option, 9/89 schedule/flex hours

Cons

Management is sloppy and disorganized/ financial issues and layoffs are always discussed.

5.0
Jun 5, 2019

Jobs

Recommend
CEO approval
Business Outlook

Pros

The Benifits are very good.

Cons

There were constant Layoffs there.

3.0
Feb 12, 2019

Good but insecure

Recommend
CEO approval
Business Outlook

Pros

Indoors, simple work, upfront expectations, friendly employees

Cons

No stability, layoff and recalls are common and expected, management has rigid mentality and approach "always done it that way" mentality

4.0
May 14, 2020
Recommend
CEO approval
Business Outlook

Pros

Good work life balance and schedule, great place to start out

Cons

Very hard to change how things operate, yearly fear of layoffs, large silos.

Viewing 25 - 27 of 228 Reviews

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