With federal funds not spewing from the spigot as freely as they once were, Sterling-based Goldschmitt and Associates made a short-notice announcement that the company was cutting 217 jobs.
Goldschmitt is a program management firm that provides IT services, management consulting, and custom training solutions and it’s a federal contractor that boasted about being consistently ranked among the fastest growing businesses in the Mid-Atlantic region.
The company issued a WARN notice announcing the 217 job cuts on April 24. The date of impact was May 1, exactly one week later. And the cuts were classified as a permanent reduction.
The move was attributed to reductions of a federal contract related to work on a CARES Act platform for the Small Business Association, according to Virginia Business. And the company said it expected to be “gravely impacted” not only in the short term but for the “foreseeable future.”
Generally, the WARN Act requires employers to provide at least a 60-day written notice for mass layoffs. Law firm Strauss Borrelli said it’s investigating whether the company violated the law by failing to give proper notice.
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