Layoffs in Largo, many WFH positions but also some on-site employees affected as well. Larger impact said to be to RIS (Raytheon Intelligence and Space). Not clear what is most affected teams, looks like variety of decisions units made cuts.
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So its unfortunate all of Largo will now be under RTX Collins, and will have to compete with Melbourne location. Which is much more established Collins site. Collins manager will walk on largo, as if they own the place.
The merger of units, and is nothing more than reducing cost to increase earning per share AKA Net Income.
So for the next three years, Largo will be in constant thread of re-org/layoff/etc.