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Lockheed Martin

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Lockheed Martin reviews about "layoff"

72% positive business outlook

Reviews by job title

228 reviews
4.0
Dec 22, 2024

Good place to work

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Challenging work, Management tries to minimize layoffs

Cons

Work is not level loaded

4.0
Nov 18, 2024
Recommend
CEO approval
Business Outlook

Pros

A lot of locations and positions available. Layoffs are rare. Week during Christmas off.

Cons

Health benefits are expensive with high deductible. PTO hours are lower than other companies. You only get a few Holidays off a year.

5.0
Mar 4, 2025
Recommend
CEO approval
Business Outlook

Pros

Layoffs are relatively rare. Stable industry. Solid benefits. Work-life balance is excellent in my role.

Cons

Earnings potential plateaus after the first 5-10 years at the company.

3.0
Sep 27, 2024

Layoffs

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Decent pay, beautiful location, nice people

Cons

Layoffs, Hiring freeze, construction, unions

3.0
Nov 12, 2024
Recommend
CEO approval
Business Outlook

Pros

Good people, good support from additional techs at other sites.

Cons

Company over focused on profit margins, forcing budgetary cutbacks and ultimate layoffs.

5.0
May 25, 2025

Smart people

Recommend
CEO approval
Business Outlook

Pros

Smart people, great benefits, great environment

Cons

Contract-based work means potential for layoffs

5.0
Jun 30, 2025
Recommend
CEO approval
Business Outlook

Pros

Company offers many small things that makes you feel appreciated like free plants on Earth Day, employee recognition rewards, sponsored holiday dinners, etc. Company also has great benefits and have personally seen many people retire after 20, 25, 35 years. The 4/10 work days are nice to have long weekends all year long.

Cons

Contract awards can affect business so sometimes there are layoffs as the work dictates. Typically its contractors that are let go first before they review any full time employees. The 4/10 work days take some getting used to.

4.0
Jun 30, 2025
Recommend
CEO approval
Business Outlook

Pros

They care about work life balance and try to maintain it. Only place in sillicon valley that does. Job is the definition of stable. Easy to move laterally to gain experience or try something new. Great job to learn skills.

Cons

It is difficult to advance bc of ridgid HR rules. Not typical sillicon valley pay for the positions you work or the schedule they want. Terrible health insurance packages. They announced a successful season of layoffs and bonuses for c-suite in the same meeting :(

Viewing 4 - 6 of 228 Reviews

Glassdoor has 16,636 Lockheed Martin reviews submitted anonymously by Lockheed Martin employees. Read employee reviews and ratings on Glassdoor to decide if Lockheed Martin is right for you.