Lockheed Martin sends out layoffs notices

June 15, 2009 6:08:27 PM PDT
Lockheed Martin announced late Monday it has sent layoff notices to hundreds of people working on two defense programs in San Jose.

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Notices were sent to 535 people who all work on a classified defense satellite project that has "changed in scope" and requires fewer people.

The company has told them it will try to find other work for them, but it likely will not be able to accommodate everyone.

The layoffs are scheduled for August.

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