recommended reading

Lockheed Martin’s IT unit announces voluntary layoff program

John Amis/AP file photo

Lockheed Martin Corp. announced a targeted, voluntary layoff program for midlevel employees working at the company’s Information Systems & Global Solutions unit.

In a memo sent to employees on Jan. 31 and posted on career news website, Patricia Lewis, Lockheed Martin’s vice president for human resources at the Information Systems and Global Solutions business unit, told employees that the company was offering the program as part of an “ongoing affordability initiative.”

Lewis said IS&GS was offering qualified middle managers (Level 5 and Level 6 in the unit’s civil, defense and national organizations as well as centralized functions) the opportunity to leave the company with severance benefits. Employees have until Feb. 28 to nominate themselves for the program and will be notified on March 8 if their requests have been accepted.

A Lockheed Martin spokeswoman told the Washington Post that the company aimed to reduce its workforce by 300-350 employees. However, the company still may lay off employees if enough of them don’t volunteer for the program, according to the memo obtained by Dice.

The layoffs may be linked to the division’s poor financial results. During Lockheed Martin’s fourth quarter conference call on Jan. 24, the company said the unit had seen a 14 percent year-over-year reduction in sales due to a shrinking federal information technology budget. Though the prospect of across-the-board cuts from sequestration have been unsettling government contractors, Chief Executive Officer Marillyn Hewson said that the company was not factoring it into their 2013 forecast but did note that it could occur as the “default outcome if negotiations [failed] to produce an agreement.”

Other major contractors have taken measures to reduce their workforce in the face of a tightening defense budget. Boeing Co. announced layoffs at a Texas based facility in January, the same month General Dynamics cut workers at a Stryker production facility in Alabama and reported $2 billion in losses in the fourth quarter of 2012. 

Threatwatch Alert

Thousands of cyber attacks occur each day

See the latest threats


Close [ x ] More from Nextgov

Thank you for subscribing to newsletters from
We think these reports might interest you:

  • It’s Time for the Federal Government to Embrace Wireless and Mobility

    The United States has turned a corner on the adoption of mobile phones, tablets and other smart devices, outpacing traditional desktop and laptop sales by a wide margin. This issue brief discusses the state of wireless and mobility in federal government and outlines why now is the time to embrace these technologies in government.

  • Featured Content from RSA Conference: Dissed by NIST

    Learn more about the latest draft of the U.S. National Institute of Standards and Technology guidance document on authentication and lifecycle management.

  • A New Security Architecture for Federal Networks

    Federal government networks are under constant attack, and the number of those attacks is increasing. This issue brief discusses today's threats and a new model for the future.

  • Going Agile:Revolutionizing Federal Digital Services Delivery

    Here’s one indication that times have changed: Harriet Tubman is going to be the next face of the twenty dollar bill. Another sign of change? The way in which the federal government arrived at that decision.

  • Software-Defined Networking

    So many demands are being placed on federal information technology networks, which must handle vast amounts of data, accommodate voice and video, and cope with a multitude of highly connected devices while keeping government information secure from cyber threats. This issue brief discusses the state of SDN in the federal government and the path forward.

  • The New IP: Moving Government Agencies Toward the Network of The Future

    Federal IT managers are looking to modernize legacy network infrastructures that are taxed by growing demands from mobile devices, video, vast amounts of data, and more. This issue brief discusses the federal government network landscape, as well as market, financial force drivers for network modernization.


When you download a report, your information may be shared with the underwriters of that document.