Joined team meeting this morning and a couple of colleagues mentioned from high level weekly meeting that Kiewit Technology Group is looking at doing overhead cuts. Colleagues mentioned they weren’t provided much details at this time. However, things I am familiar with below:
Colleagues mentioned KTG not doing any further hirings, as well as no longer supporting or doing some projects.
Company currently eliminating or consolidating systems to reduce redundancies and overall costs.
Travel budget cut in half.
Budgets for various departments being cut.
With all the above, the only thing that comes to mind for cutting next is in regards to cutting people next. KTG does have many IT folks - some definitely are unecessary and redundant. A lot of the work can be done remotely, thus it wouldn’t be surprising if they eliminate roles for folks who don’t need physical presence in an area going forward - especially with COVID.
Be prudent if you are working within KTG. This was not news I wanted to hear this morning. Hope I am wrong; definitely keep your eyes open for opportunities in case.