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Leidos to Lay Off 60 at Indy Facility

Friday, October 2, 2020 02:04 PM EDT Updated: Monday, October 5, 2020 04:58 PM EDT
By Mary Roberts, Writer/Reporter
Leidos to Lay Off 60 at Indy Facility

Virginia-based Leidos will lay off 61 employees at its facility in Indianapolis. The company says the entire facility will not be closed, but layoffs will begin November 30.

According to information from a Leidos spokesperson, the WARN notice issued to employees is just a formality. “We don’t truly believe that any employee on this program is at risk of losing their job. But due to WARN reporting requirements, Leidos has to provide these formal notices to our employee population. Although the program is set to end on November 30th, the follow-on contract will begin the next day on December 1, 2020.”

The company provides information technology, engineering, and science solutions for defense, intelligence, and homeland security markets. Leidos did not disclose which positions would be affected by the layoffs.

The layoffs are expected to be permanent. The company says the affected employees do not have bumping rights.

Story Continues Below

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Strategic steps to take before you sell your company

Before initiating the sale process, it's crucial to evaluate the financial health of your business. Prospective buyers will closely examine financial statements, profit margins, cash flow, and growth potential. Engaging a professional accountant or financial advisor can provide valuable insights to ensure your financial records are accurate and well-organized....

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