Layoffs At HID
While HID is very profitable, it has conducted layoffs.
This report examines what this means for HID or its competitors.
For background, see:
- Assa Abloy Revenue Declines Organically, Grows Acquisitions Q1 2024
- HID Sales, Growth, Profits, And Backlog Analyzed
- HID Says Product Shortages Improving
- HID CEO Speaks On Massive Product Shortages Causes
- Triton Invests / Acquires WaveLynx, Competitor to HID
Note: If you have any information you'd like to share confidentially, please do so in the comments below undisclosed, or email Jermaine@ipvm.com
***** *** ** *** ** *** most ********** ********** ****** *** ** Assa *****, ******* ******* ******* ******* within ******* ******** ** *** (*** Mercury). ************, ******* (***-**) *** ********* have ****** ** ******** **** **** are ******* *** *** ***** ** are "**** ** ****," *** ***'* job ******** *** **** **%+ *** across *** ********.
*** ********* ******, "** ** *** comment ** *********-******* ******." ************, ***** impacted ********** ***-********** ********** *** ***** / ***** *** ***** **** **** about ******* (*** ** ****** ********* ************).
**** ************ ****"******* ***** ******** *************" *** *** access ** ** **** (*** ******). **** **** **** ** ********* due ** ******* *** *** *******, but ** *** *** ******* ** how **** ******* ******* ****** ********. A *** ***** ***, ****** *** core ******* ******, *** ****** ******* sales **** *******, *** **** ** they ****** *** *** *******, **** surged. ***, ** **** ****** ** normality, ** ******* ***** ***** ******* is ****.
*** ***** ****** ** ******* ** impacting *** ** ********. ******** *** been ******* *** ****** **** *** for **** **** ***. *******, *** difference *** ** **** **** *** getting ***** ****** ****, **** ****** they *** ***** *** ******* **** HID, ********'* ****** ********** ******* ***. Now, ***** / ****** **** **** ******, ********'************ ** ** ********* ****** *** tracking ***'* ***********.
Several ****** "**** ** ****" ** ********
***** ******* ***** ** *** ********* confirmed ** **** **** ***** ******* occurred, **** **** ****** ******* *** ex-HID ********* ******* ** ******** ****** updating ***** ******* ******* **** **** are "**** ** ****":
*** *******,***** **. ******, *** *** ******** **** *** for **** ** *****, *** ******* his ******* ** *** **** ** is ** ****** *****, *** *** profile ******* ***** ** ** **** to **** (***** ******):
******* ******,***** ****, *** *** **** *** *** just **** * ****, *** ******* his ******** ******* *******, ****** ** is **** ** ****, *** ** also **** * **** ******* *** opportunities:
*********,****** ********** ****** ** *** *** **** 9 ***** (*** ******) ****** * post, ******* *** ********** *** *** profile *******.
Only * *** ******, **** ******** *** *******
********* ** *** *******, *** ****** of ****** ******** *** ** *** low ** ***-****** ******, ********* ** sales ***** / *********. ****, ***** is ********* * ***** ******* **** a ****** ****** * **** *** updates ******** / ***** *******, ** we ****** ** *** **** ***** / ******* ** *** ****** *****. We ******** * *** ** **** across ** *** **** **** ** so ** ********.
****: ** *** *** ***** **** or ******* *********** **** *** *********** listed *****.
Job ******** **** **%+ ** *** ******** ***
** ******** ** ***** ****** *******, according ** ********, *** ***** *** openings *** **** **** **% ** all ********* ******** ** * **** ago:
Backlog "****"
**** ********* **** ***** ** *** Global ************ ******** (***** *** ******** for **%) ******** ******* ** *** backlog ****** ** ** ****:
*** ***** *% ** ****** ********* by ****** ************’ ***. *** **** that **** ****, **** *******, ** were ********** ** *** ******* **** we ***** ** ******* ** *** electronic ********* *********, ***that ******* ** **** in Q4 last year. Therefore, we had a more important ******** ****** *** *** **** business in HID [emphasis added]
**** *****'* ********* ***** *** ******* was ******* * **** ****** *** to *** ********* ** *** *******:
****** ************’ ******* ***** ******** ** –9% ******* * **** ******************* **** year *** ** *** *********** ********* of *** ******* * **** ***.
*******
*****, ********* **** *** *** ********* are ************, *** **** ** ********* not *** **** ****. ***** ******* should **** *** ******* *** ****-****** goals *** ****** **** *****.
*** *** ******** ********* ** ** answered ** ******* **** ** **** a ******* ******* ** ****** ***** the ******** **** ****** ******* ** if **** ********** * ******* ***** when *********** ******* *** ** ******** substantial.
**** *****. *** ******** **** ****** is ******* *** ** **** ********* about ****** ***** ********* **** ***** the ******* ****** ******.
**** *** ***** *******….*** *** ******* technology ********** ***** *** ******** *** there *** ** ***** *********** **** time ** ****. *** ** ***** it’s ********* *********** ***** ********* ** best.
#*, ****** *** *** ********. ** clarify **** ***** ***** "******* ********** business[es]," **** ******* ** ******* ** the ******** ****** ******* *******, *** identity **********, ********' **, ****, ***. Our ***** ** **** ***** *** concerns ****** **** ********.
**** **** *************, ** *** **** any ******* ******** ************ ** *** physical ****** ******* ********?
*** *** **** ****** *** * HID ****** ** **** ** ** in *** **** **** ***** ******** a ****** **** ** *** *****, when ** *** ****** ******* *** were **** **** ***... **** ******, you ***** **** ** ***** ***** and ******** *** ****** ** **** a **** ** * ******** ********.
********** ****** *** ***** ****** ** your ** ******* ****-********* **** ******* post?
** * *** ******* *** * new ********, * ***** * ***** try *** ****** ********* ****, * don't ****.... *** ** ****.
***** *'** **** ***** **** *** long, *** **'** **** **** ******** play *** **** **** ***** **** companies ** **** *****. * *** leader ***** **, **** *** ** replicate **** ***** ** ***** **********. In **** ****, ****** ****** ****** to **** ** *** *********. ** months *****, *** **** ****'* **** had ****** **** ** ******, *** the ********* ******** **** *** **** sales ***** ***'* ****** *** ******* happen.
******, ** ** ****, *****'* **** in **** ***** ******* *** ***** cycles *** ***-**-********** ******** ** **-** months, *******. ***** *** ****** ***** how **** ****** ******* & ***** platforms *** ********* ** **** *********. Thinking * ****** ****** ** ***** to ********* **** **** ******* ** silly. *****, ** **** *** *****, they **** * ******** **** ** already **** **** *** **** ** a ******* ******* ******* / ****** / *******... *** *************, ****'* ****. As **** ***, **** * ***** squirrel ***** * *** ************. ****'* not * ********.
*** **** **** ************* *** *** seeing *** ******* ** ******** **** Verkada *** ****** *** *** ****** less ********* *** **** ********* ****** salespeople **** *** ******* ***-**** ******. Not ** **** ** * *****, outside ***** *****, *** **** **** efficient *** *********** **** **********.
***** **** *** ***** ************** ****** examples **** *** ** ******** *********** roles. **** ** ******* ***** *** not **** ** **** *** ********?