SAIC (SAIC) to Consolidate Several Organizations, Offer Voluntary Retirement to Managers as Part of Restructuring
As part of a broad, companywide restructuring designed to support Science Applications International Corp.’s (NYSE: SAIC) long-term strategy, the company announced today that it has consolidated several organizations and offered a voluntary retirement incentive package to approximately 100 senior managers.
Keeping its successful matrix operating model intact, SAIC has consolidated its five customer-facing customer groups into three and its six capabilities-focused service lines into three market segments.
Earlier this year, SAIC promoted Nazzic Keene to the new position of chief operating officer to oversee day-to-day operations and lead business execution; moved headquarters from McLean, Virginia, to Reston, Virginia, as part of an effort to consolidate SAIC’s office leases; and launched its first Technology Integration Gateway in Tennessee as part of an effort to provide its customers critical IT services in a more agile, repeatable, and cost-effective manner.
All of these actions collectively support the company’s strategy, called Ingenuity 2025, while also addressing near-term challenges SAIC faced in the first half of its fiscal year.
SAIC CEO Tony Moraco said, “Ingenuity 2025 continues to generate excitement across SAIC as we focus on key strategic growth priorities and bring clarity to the performance drivers and business model enablers that will help us achieve sustained profitable growth.”