The temps may be rising outside, but inside the offices, things seem to be cooling down, given the state of the economy. From Amazon to Twitter to Meta, employers are pressing on the brakes when it comes to hiring. For some, responding to the pandemic required robust staffing solutions, but as the economy wavers, many companies are hitting pause on hiring. While that may be true for many large corporations, those who operate predominantly from contracts have a different view. While continuing resolutions and federal budgets impact defense contractors, the shifting economy mainly influences the supply chain or future budgets. The hits come, but often later on down the road. As of right now, hiring for cleared contractors is full steam ahead.

Layoffs Impacting the Cleared Industry

Exact Sciences

Biomedical continues to face labor shortages. This past week, 230 workers at Exact Sciences found out that their position was eliminated. Reasons range from inflation to changing priorities. Exact Sciences last layoff was April 2020.

“Employees whose positions were eliminated were offered a comprehensive severance package and outplacement services, access to our employee assistance program and other resources,” Larrivee said. “We are encouraging impacted team members to apply for one of our open positions. Exact Sciences will actively facilitate this process.”

Hiring impacting the Cleared Industry

Lockheed Martin

From new contracts to ongoing work, Lockheed Martin heads into the summer months with the heat turned up on hiring. From work supporting the new Javelin contract to support Ukraine to on-going F-35 development and support, Lockheed Martin’s hiring plans are in the thousands for open positions. Additionally, the defense contractor is also offering large sign-on bonuses for specific programs and locations.

Cleared Employer at Work: CISA

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Opportunity to Watch

When Intel made moves back in 2015 to remake itself, mass layoffs were part of the at equation. But so was a prohibition against rehiring. The former CEO Brian Krzanich said it was all part of a plan to bring about change, and making sure that they didn’t do things the same way after turning over a new leaf. However, today, Intel’s hiring needs have grown, making them more open to follow in the footsteps of other companies and implement rehiring into their recruiting strategy. After making the necessary internal restructuring, Intel has lifted its former prohibition.

“A number of years have passed since the 2015/2016 restructuring and those impacted may have new and additional skills that are valuable to Intel’s current business strategies,” the company said in a statement to The Oregonian/OregonLive this week.

“In most instances, those impacted by the 2015/2016 restructuring in the U.S. are eligible to apply for open roles,” Intel said.

More and more companies are looking at rehiring as part of an effective recruiting strategy. Whether employees leave for personal reasons or they face layoffs, there’s often a familiarity to the working relationship that is still worth pursuing.

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Jillian Hamilton has worked in a variety of Program Management roles for multiple Federal Government contractors. She has helped manage projects in training and IT. She received her Bachelors degree in Business with an emphasis in Marketing from Penn State University and her MBA from the University of Phoenix.