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7/28/2014 3:21:14 PM EDT
I just talked to a friend of mine who was with eotech and he said they have layed off their production staff almost 100 people. They are shipping out of overstock inventory...anyone know anything? sorry if this is a dupe
7/28/2014 4:14:19 PM EDT
[#1]
L-3 makes lots of stuff besides EOTechs.  Doesn't mean EOTech is on its way out or anything

SALT LAKE CITY — Defense contractor L-3 Communications has announced another round of layoffs.

Beginning immediately, L-3 Communication Systems-West will reduce its workforce by 2 percent, or approximately 80 salaried and hourly positions across the business.

"The effects of the challenging defense budget environment require us to make this difficult decision in order to align our employee levels with business demand," the company said in a statement on Thursday. "We remain committed to the Salt Lake City community and to our business here, which is strategically important to L-3."

All affected employees will receive severance packages and outplacement assistance. The Utah division employs approximately 3,400 people in Salt Lake City.

Since July 2013, the company has cut approximately 400 jobs over various business segments.
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7/28/2014 4:30:00 PM EDT
[#2]
Wars are almost completely wound down. They make a product that lasts a reasonably long time and doesn't need upgrading.
7/28/2014 5:58:45 PM EDT
[#3]
The production people that got laid off should apply for warranty and repairs department. I'm sure they are hiring

Just kidding, I love me some EOTech. I wonder if they brought on alot of people a few years ago when things were going big with military and consumers. They might be way caught up?
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