Midsized government contractors can find themselves in a challenging spot. While small businesses benefit from favorable conditions with more contracts set aside for them, large corporations driven by financial imperatives can deploy their large balance sheets for growth. However, midsized firms, lacking access to set-aside contracts and facing prohibitive administrative and contractual requirements for larger contracts, are sometimes stuck in “no man’s land.”
Yet, rather than succumbing to these challenges, midsized contractors can offer the best of both worlds. They can redefine the narrative, using their smaller size and delivering consistently. Relationships with the federal government also go a long way. It’s important to have all the different contractor sizes working with the federal government.
Layoffs: Tesla
Tesla CEO Elon Musk surprised employees with a late-night companywide email on April 15, announcing plans to slash over 10% of the automaker’s workforce. Since then, the layoffs have continued, with several executives leaving the company. The move comes as Tesla faces multiple challenges, including declining delivery numbers, supply chain issues, and increased competition in the electric vehicle market, particularly in China.
Hiring: TTM Technologies
Connecticut Governor Ned Lamont joined officials at TTM Technologies to celebrate the creation of over 120 new jobs, reinforcing the defense technology manufacturer’s role in supporting national security objectives and vital Department of Defense programs. The addition of these jobs marks a significant milestone for the company, putting them over the 700-employee mark and signaling further growth ahead.
Cleared Employer at Work: Leidos
Leidos makes the world safer, healthier, and more efficient through technology, engineering, and science. Learn about Leidos careers and join their team of 47,000, who every day help their customers execute on important mission on the front lines of the world’s most complex markets. Leidos, making smart smarter.
Opportunity to Watch
Accenture Federal Services has secured a ten-year, $789 million contract to bolster cybersecurity operations across the U.S. Navy’s global maritime forces. This contract will enhance the Navy’s SHARKCAGE environment, providing a unified cybersecurity platform to protect critical defense assets and sensitive military data.
“Network interconnectedness is essential to protecting critical U.S. defense assets and sensitive military data,” said Rick Driggers, Accenture Federal Services managing director and cyber practice lead. Under this contract, Accenture Federal Services will provide the Navy with integrated systems for defensive cyberspace operations analytics, improving attack sensing and warning capabilities across Navy networks.
