Professor David Cadden: Reduced demand contributed to Pratt & Whitney’s layoffs

caddenDavid Cadden, a professor of management in the Entrepreneurship and Strategy Department in the School of Business at Quinnipiac University, was quoted in the Hartford Courant about Pratt & Whitney’s decision to lay off approximately 400 employees, half of whom are from Connecticut.

Cadden said the cuts were an “effort to reduce costs because of ‘issues’ in both the military and commercial markets.”

The reduced demand for spare parts and the discontinuation of the military’s F-22 Raptor, which Pratt made the engine, contributed to the reduction in staff, he told Connecticut most circulated newspaper.

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Categories: News, School of Business and Engineering

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