Chevron’s Leaner Strategy: 8,000 Jobs Cut by 2026

Chevron’s Leaner Strategy: 8,000 Jobs Cut by 2026 — A Shift in Business Trends

Major Workforce Reduction Signals a Shift Chevron has officially announced its plan to eliminate around 8,000 jobs globally by 2026. This represents a 15–20% cut in its workforce as part of its cost-saving initiative after acquiring Hess Corporation. This major shift is aimed at streamlining operations, eliminating overlapping roles, and ultimately saving about $3 billion…

GSA New Leader

GovCon Update: GSA New Leader, Procurement Rules, Small Biz Program & MITRE Win

Trump Administration Picks Wall Street Veteran for GSA Chief Role The White House has officially nominated Edward Forst, a Wall Street heavyweight with a résumé spanning Goldman Sachs, Cushman & Wakefield, and most recently Lion Capital to lead the General Services Administration (GSA). The move comes more than seven months into President Trump’s second term…

govcon update

GovCon Update: Manufacturing Slump Signals Supply Strain

A Worrying Trend in U.S. Manufacturing The U.S. manufacturing sector contracted for the fifth consecutive month in July, signaling a clear slowdown that’s catching the attention of government contractors and industry watchers alike. According to the latest ISM data, the manufacturing PMI dropped to 48.0—anything below 50 indicates contraction. This isn’t just a number on…

Satellite Communications

SES Space & Defense Revolutionizes Government Satellite Communications

The satellite communications industry has reached a pivotal moment as SES finalizes its landmark $3.1 billion acquisition of Intelsat, creating a dominant force in government-focused satellite communications. This 15-month process has culminated in the formation of a new industry leader capable of delivering next-generation satellite communications solutions with unprecedented global reach and multi-orbit capabilities. A…