When people think of IT, they envision IT support. Fluor long since outsourced most of the traditional IT support related services and application development. This round of layoffs was concentrated on senior people in the IT Services organization, many with years of service of billable work on capital projects worldwide. I was one of them, almost 20 years supporting projects across the globe. In the end, that didn't matter to anyone. Raises, Bonuses, Promotions....always rewarded for superior performance. The state of company today is the result of shifting attitudes by the management. Deciding to let talented people go and keeping mediocre people just because they have a lower salary is a losing strategy. Short term you save some money, but long term project performance suffers as the people doing the work are not driven passionate people you kicked out the door. This has been going on for a decade and the project losses piling up prove it.
You will always get what you pay for. Passion is gone and you are left with portfolio of people who embrace the "that's not my job attitude". My last client ($2.1B Chemicals Project) looked around the conference room of project leads and made the statement "Fluor is filled with people who know what to do, but lack the passion to actually do the work and ensure success".