L3Harris Technologies is shutting down its Van Nuys, California facility and laying off 149 employees, including engineers and managerial staff. The layoffs will begin at the end of September 2023, with additional cuts planned for 2025 and 2026. The company aims to optimize its facilities by consolidating operations in New Jersey. A spokesperson indicated that severance will be provided in line with company policy. This move aligns with L3Harris's ongoing cost-cutting strategy initiated after its 2019 merger, focusing on efficiency and collaboration across locations.
L3Harris Technologies is shutting down its Van Nuys facility and laying off 149 workers as part of a broader cost-cutting campaign, highlighting efforts to optimize operations.
The layoffs will begin at the end of September, with additional rounds planned for the end of 2025 and September 2026, focusing on engineers, technicians, and management.
Spokesperson Sara Banda stated that work from the Van Nuys location will transition to New Jersey, aiming for increased collaboration and optimizations within the company.
The consolidation is part of a strategy dubbed 'LHX Next' which emphasizes cost savings and facility consolidations, discussed by CFO Kenneth Bedingfield in the latest earnings call.
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