Leidos seeks 25% reduction in facilities over next three years

By Marjorie Censer / May 13, 2021 at 9:17 AM

Leidos hopes to cut its office space by 25% over the next three years, according to the company's chief financial officer.

Jim Reagan shared the plan during the virtual Goldman Sachs conference earlier this week.

In a statement to Inside Defense, a Leidos spokesman said the 25% figure is the company's "current goal."

"As part of ongoing efforts to increase efficiency and reduce emissions, Leidos is evaluating its real estate footprint and the evolving needs of its workforce, which include expected increases in flexible working arrangements," he said.

The spokesman noted the cutback is not tied to workforce reductions.

"This strategy complements and addresses input from our employees, who have communicated their desires for increased workplace flexibility," he added.