Insitu To Cut Workforce
Insitu announced today it is cutting its workforce due to competitive pressures and a falloff in business. The Seattle Times is reporting that Chief Executive Officer Esina Alic told employees of the Boeing subsidiary today without providing a number on how many would be laid off, but the newspaper also indicated that a person familiar with the details said the workforce would be cut by about 15 percent. Insitu employs around 1,000 people in the Gorge and 500 elsewhere. The Times reported Insitu lost out this spring for a contract with the U.S. Army to provide a new drone scout dubbed the Future Tactical Unmanned Aerial System. Employees to be laid off will receive 60 days notice. The cutbacks at Insitu also have the potential to impact a number of small suppliers to the company located in the region.