Mass eliminations, friends retained over performers
Pros
Panasonic Avionics was an industry leader and pushed innovation till early 2015. Decline since has been sharp.
Cons
Decisions are frequently short-sighted. I’ve never been a part of a company that was so out of touch with how its revenue was generated or spent. Dysfunction is ramped. Senior leaders are out of touch and not likely to be able to save the company from sinking. We were informed layoffs were likely. Manager approached each of us to inquire why we should be saved over the next guy. Essentially encouraged to fight for our jobs. I had been with the company several years by this point and knew how incestuous management was. But never had it been more obvious than at layoff time. My entire department was gutted the sole survivor being the lowest performer and manager’s personal friend. Don’t take my word for it. Google “Panasonic Avionics DOJ settlement.” They paid hundreds of millions in Corruption penalties.
