[scooby321]

They are in a panic. Defense Contractors will need to layoff before the election if a deal isn't made.

Too funny

[pepsionice]

If you read through all of the various reports...there could be in the range of 250k people in the DC area alone who would be made unemployed by sequestration. That includes both contractors and government workers (not just Pentagon folks, but all gov’t agencies). So you look at the DC region and wonder how 250k unemployed folks would take this situation.

There’s no fall-back position for the 250k in such a small area of the country. It would be one thing to determine a yearly cut of 12k employees over a decade, and an area could probably take that kind of news. In this case....I’d say a massive burden would fall upon DC, Virginia and Maryland. Bankers would get nervous over empty houses and bankruptcies.

[Myrddin]

Sequestration date is Jan 2, 2013. The WARN Act requires companies with more that 500 employees that intend to layoff employees to issue notifications 60 days before the layoffs occur. That would be November 2, 2012. Just in time to piss off a large number of voters just days before the election.

[p. henry]

Defense contractors are already laying off employees and have been doing so for some time. That is not necessarily a bad thing.

[OldMissileer]

They are in a panic. Defense Contractors will need to layoff before the election if a deal isn't made.

Titan/L3 is making large cuts now. It is affecting many of my friends and others in my area.