Stanley Black and Decker, formed as a result of the merger of Black and Decker Inc. with Stanley Works represents a great American company story; focus more on short term on stock market price with no plan to gain in long term – all signs of a dying company!
1. No Job Security: Company has been constantly laying off people since 2017. Restructuring/Re-organization takes place every few months. If Stanley Black and Decker stock price fall, expect layoff and costing cutting immediately. All Business Units that I know have laid-off, terminated, pushed out to retirement, furloughed or fired people as a result. Beware of October Fest aka Firing Month!! The company has lost valuable talents over the past few years and bleeding has not seems to stop. High employee turn-over at this company.
2. Chaotic: There is an absence of proper planning or coordination between different departments. For example, Finance does not want to work with Engineering, HR, or IT, and vice versa. Ultimately, whatever decision that you make can be overruled by Finance. Finance ultimately drives daily decision making. Expect to be in conference call/meetings all day long. No systems, no planning, no coordination, no organization.
3. Out-sourced: Top talent is constantly asked to leave either forcefully or through voluntary retirement leaving behind a huge talent vacuum. New employees hired are sub-par at best. As one of the latest decisions, almost the majority of old talented IT workforce was laid off in place of low paid non-immigrant by HCL, News:https://www.businesswire.com/news/home/20200218005687/en/HCL-Technologies-Launch-Global-Delivery-Center-Hartford.
4. Poor/Reduced Compensation and Benefits: Expect no raise or recognition of work no matter how hard you work. The expectation is you work on holiday and weekends. “Be happy that you have a job here” as one of my former bosses once told me. Benefits have greatly reduced over the past ten years. Cigna is a very hard to deal with.
5. Top Heavy Management: A lot of middle manage
I started with Black & Decker in 2008 and Stanley acquired the Co the following year. I enjoyed my time working at Black and Decker as well as when Stanley took over. Stanley acquires multiple new Co's every year and is still working on getting their arms around a solid and working integration process. Their new CIO should be able to help in this area however I see a 3 to 5 year plan ahead of them with some very hard work and choices ahead of them.
Let the people who know the product make the decisions. Stop believing you know what you are doing.