JCI / Tyco Security Products Layoffs
Johnson Controls / Tyco Security Products has confirmed COVID-19 related layoffs, expanding upon the April coronavirus cuts the company previously made.
In this note, we share feedback from JCI, evaluate the impact on the company, consisting of Exacq, Software House, Kantech, DSC, and more.
JCI ********
*** ********* ** ****'* *******:
***** *** ************* ********* ****** ****** by *** *****-** ********, *** ******* is ****** ******* ** ******* *** financial ******** ** *** ********. ***** steps *** ********* ** **** ****** the ********* ****** ** *** *****-**** while *********** ******* ******** ** ** even ******** ******* ** *** ****-****. Looking ****** **** ************* ******, ******* Controls ** **** ********** ** **** the ***** * *****, **** ****** and **** *********** ***** ******* *** comprehensive ********* ** ******** ************ *** solutions.
*** ******* ******** ** ******* ** specifics *** ******** ******* **** **** the **** **** *********** *** *****.
Retail ***
*** **** ** ***'* ******** ******** hit ** ***** ****** ********, **** e.g., ************************ *** ***** ******** ******** **** are ****************** **** ** ****** **********.
****** ** ********* ********** *** ***** are ********** ********* ** ** **** physical ****** **** ******* ** *** previous ******.
Product **********
***** **** ******** ************* **** **** impacted, *** ******* **** ** *** could ****** *** *******'* **** **** competitive ***********, ********** ** ******** ******** increasingly **** ** *** ***** *** use **, ***'* ********** *** ***** make **** ********** **********.
** *** ***** ****, ***, ** more ************ **** ******** ********, *** been ********** **** *** ***** ****** successful ******** *** **** ************* **** into *** ******* ************. ** **** end, **** *** **** *** **** interested ** ** **** ** ************ over *** **** *** *****.
*****-** ** *** ********* *** ***** massive ********* **** **** ********* *******, huge ********, *** **** ****. **** is **** ******* **** *** *** everything ** *** ****** ***** ****** than *** *******, ********** **** **** product ***** **** ********** *** *********** is **** ****** **** ****.
*** ****** *** ******** ********** *** services ** ***** *****. **** *** be ****** *********, *** *** ******* integrators * **** **** ($*** *** under) *** ****** **** **** **** in ****.
* ** * ***** *** ********* JCI ********. * ** *** **** to ****** ** ************. ** *** be * *********** ******** ** *** off *** ******** ** ********, ***** performing ***** *****..*** *** * ***'* know *** *******'* **** ***** **.
*** ***** ********* **** * **** are ***** ********** *** **** **** than * ** * ****** ** backlog ***** * ******* ** **** better **** ***** ** *** **** integrator **** *** *** ********* **. Also ********** ** ******* *** ***** solutions *** ***********; ***'* ***** ****** security ****** **** ****** ********** *** are ******* ******** ********.
******* ** **** ************* ** ***** footprints; ** ***** ******** *** ********** like ***, ** ***** *** **** seen ******, *********, *****, ******, ****** etc. ** *** ***** ** **** growing ******** **** * **** ** falling ******.
***** ********* *** ***********. * **** said *** ***** **** *********** *** customers ***** ****** *********** ***** ********* security ********* ********* *** ** *** beyond *** *******. **** *** ******** could ****** *****, *** **** *** rep, *** **** *********** ** *** partnership. *** ****** **** ***** ** to **** ** *** ******* *-***** of *** *******..** *** *** * bio ******* ** "****** ************" **** a **** ******* ** "**** ****, raise ** *******, *** *** ****** for * *** *****, **** *** move ** *** ****" *** ****** be *********. ** *** *** ******* to ******* **** * ******* **** is * ******** ** ********** ** a ***** ***********, *** ** ***** where **** *** *********** **** *** rest ** *** *******. ** *** security/safety ******** ** *** ***** ********** you ****** ** *********. ********* ***'* spin *** ********* **** *** ****** money! ***** **** ****** *** ********* somewhat *** *** *** ************ **** most ***** **** * *** *** more ******* *** **** **** **** to *** *** ******.
** ******* *** **** **** ****** service *** ******* *******,******** *****,*******,***,
**** ** *********** ** ****. **** does *** **** **** *** *** industry *******. **** ***** ******** **** the ******* ********** ******* ** **** them ** *** ********* * ****** to ****** **** ********** ****** *** end ** *** ****. ***** **** pseudo-protections ** *** ***** ** ***** businesses.