The federal government could lose approximately 270,000 employees, or about 13 percent of the federal workforce, if automatic budget cuts—called sequestration—occur, according to a recent industry group report. Because federal contract officers’ positions are not protected from those cuts, the possibility of agency hiring freezes and layoffs of such essential staff is a distinct possibility. If this happens, agencies could see increased litigation and cost overruns and contractors could see more bundled federal contracts.
Keep reading this article at: http://news.agc.org/2012/07/27/looming-budget-cuts-could-impact-federal-acquisition-workforce/
