4 ms·
These industries all have layoffs too.
by mathattack 4y ago
These industries all have layoffs too.
- kilroy123 4y agoTrue, but I feel like Defense is pretty safe these days.
- ghaff 4y agoOverall, probably yes. But contractors and their subs can still take big hits if some contract they were banking on goes to the other guy instead.
- mathattack 4y agoI love your name in a defense thread. :-) https://en.m.wikipedia.org/wiki/Kilroy_was_here https://en.m.wikipedia.org/wiki/Kilroy_was_here Defense has a lot of challenges. The government isn’t a great or reliable customer. The contractors tend to lay off on great waves if they lose and important contract. They have quarterly earnings targets to hit like everyone else. People used to think the phone company was a safe spot to lay your hat but they found layoffs too be an easier way to goose earnings than growing revenue.
- Bayart 4y agoSure but they have steady revenue streams and are less susceptible to conjuncture. In my neck of the woods I see a lot of hiring. Those trying to cut costs would rather internalise consultants and cut their firms out rather than get rid of otherwise necessary workforce.