Heard rumors of another corporate wide downsizing possibly ~ 4q 24- 1q 25. Seems like everyone in the prime defense is getting hit; RTX, Lockheed, Boeing included.
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Get ready for more cuts if Kamala wins
I believe IT and CIO are on the cut list as next. I know that some cuts were done quietly in some departments across NG, and NG doesn’t have to publish a WARN to protect themselves from a lot of noise.
People are leaving and it looks that NG lost more than 10% of people because they left the company. This is on top of the layoffs and cuts. If you look to the entire loss, it looks like a shrinkage of the business between 15% to 20%. This is deep and I do not know if this is done yet with cuts or if we are at the end tail of it.