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Friday, May 24, 2024

Texas company laying off 240 at Fort Liberty

A Dallas-based company plans to lay off 240 workers at Fort Liberty after a government contract wasn’t renewed.

Jacobs Solutions, an international professional services firm, said the layoffs began on March 1 and would continue through May 16, according to a filing with the N.C. Department of Commerce.

The company said that its government client has selected a new contractor to perform services under the SITEC II follow-on contract and that its workers could be employed by the new company. SITEC stands for Special Operations Forces IT Enterprise Contract.

“We anticipate that the vast majority of the workforce will continue in uninterrupted employment with the successor contractor or one of their subcontractors,” said vice president Bruce Johnson in a letter to the state.

Fort Liberty, formerly known as Fort Bragg, is one of the largest military installations in the world, with more than 52,000 military personnel. It is near Fayetteville.

Jacobs is a public company with $16 billion in annual revenue and approximately 60,000 employees. It provides engineering, technical, professional, construction and consulting services.

On Wednesday, the company was named part of the $249 million contract for the Chugach Logistics and Facility Services Joint Venture for MacDill Air Force Base support services in Florida.

Last month, Jacobs reported first-quarter revenue of $4.2 billion, up from $3.8 billion in the same quarter a year earlier, and net income of $256 million. It says it has a contract backlog of $29.6 billion.

 

Chris Roush
Chris Roush
Chris Roush is executive editor of Business North Carolina. He can be reached at croush@businessnc.com.

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