Former CEO slashed budgets, underpaid staff, and created massive technical debt through sloppy acquisitions. Leidos now is being denied new bids (FocusedFox) due to underbidding and underpaying staff. Now Leidos is quietly laying off people across the company without a major announcement to keep from embarrassing the new CEO.
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I heard there were ~130 layoffs in Baltimore (due to contract ending 12/31/23?), but I’m wondering how the new “North star” structure (announced in Nov) will trickle down. Anyone hear anything?
Confirmed. They put all the layoffs on a 9-weeks leave-without-pay to delay the financial impacts and new announcements. But very real, widespread, and painful for Leidos.
Has anyone heard anything else about this? I haven’t heard but have been wondering.
Anyone know if it’s happening mostly in one sector; or across the sectors (Civil, Defense, et al)?