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Lockheed Martin to shed jobs from its IT services business

Bethesda-based Lockheed Martin Corp. on Wednesday announced that it would employ roughly 500 fewer people in its information systems and global solutions segment by November.

The company said in a statement that the change is in response to shifting government priorities, changing industry dynamics and efforts to improve the segment’s competitiveness.

Lockheed Martin announced in July that it would conduct a strategic review of its government IT and technical services businesses, primarily in the IS&GS business segment. The layoffs, while unrelated to the review, are part of a larger effort to optimize the segment’s resources and align them to customers’ existing needs and the business climate, the company said.

The workforce reduction includes voluntary and involuntary layoffs, the company said.

The company on Wednesday morning didn’t say where the layoffs might happen.