Save this content for laterSave this content on your device for later, even while offline Sign in with FacebookSign in with your Facebook account Close

ISS lays off 40, blames funding delays due to sequestration

By: WAYNE HEILMAN
March 18, 2013
0
photo - 
	 Photo by
Photo by  

Intelligent Software Solutions Inc. laid off 40 employees after funding under an Air Force Research Laboratory contract was delayed because of automatic federal budget cuts known formally as sequestration.

The layoff is the first in six years by the Colorado Springs-based military information technology contractor, which now employs nearly 750 at its headquarters and offices in Florida, Massachusetts, New York, Virginia, Washington, D.C., Afghanistan and various military bases. Under the contract, ISS is adding new capabilities to its flagship data integration, analysis and reporting software called WEBTas.

The layoff was "a direct result of sequestration. (The laboratory) decided to hold onto the money, which was funding the salaries of a large group of people for the rest of the fiscal year. We don't know if the cuts are temporary or permanent," ISS CEO Jay Jesse said Monday. "These are good and talented people, a mix of program managers, engineers and testing personnel. We would like to be able to bring them back if the funding situation changes."

The automatic budget cuts were part of a compromise agreed to in 2011 to raise the nation's debt limit and are split evenly between the Department of Defense and civilian federal programs. The cuts were scheduled to begin Jan. 1, but were delayed by two months under a last-minute deal to avoid the so-called "fiscal cliff" of automatic federal budget cuts and expiring of federal income tax cuts.

ISS generated nearly $200 million in revenue last year and last month won two major contracts – a five-year, $593 million agreement with the Air Force Research Laboratory affected by last week's funding delay and a five-year, $249 million deal shared with Lockheed Martin's Colorado Springs operation that will allow both companies to compete for command, control and information services tasks.

Register to the Colorado Springs Gazette
Incognito Mode Your browser is in Incognito mode

You vanished!

We welcome you to read all of our stories by signing into your account. If you don't have a subscription, please subscribe today for daily award winning journalism.

Register to the Colorado Springs Gazette
Register to the Colorado Springs Gazette
Subscribe to the Colorado Springs Gazette

It appears that you value local journalism. Thank you.

Subscribe today for unlimited digital access with 50% fewer ads for a faster browsing experience.

Already a Subscriber? LOGIN HERE

Subscribe to the Colorado Springs Gazette

It appears that you value local journalism. Thank you.

Subscribe today for unlimited digital access with 50% fewer ads for a faster browsing experience.

Subscribe to the Colorado Springs Gazette

Some news is free.
Exceptional journalism takes time, effort and your support.

Already a Subscriber? LOGIN HERE

articles remaining
×
Thank you for your interest in local journalism.
Gain unlimited access, 50% fewer ads and a faster browsing experience.