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Stay Clear - Senior Systems Engineer Vencore Employee Review

1.0
11 Oct 2014
Recommend
CEO approval
Business outlook

Pros

This company's roots, at least in Valley Forge, go back to GE Aerospace and most recently Lockheed Martin which sold their Systems Integration group to Veritas Capital, due to OCI concerns, resulting in Vencore. Despite ample "greening" of the workforce there are still some very knowledgeable and dedicated engineers doing important technical work.

Cons

Veritas is systematically reducing benefits and gutting the company to present an improved bottom line for eventual sale. There appears to be little or no concern from upper management about the degradation to the mission and overall employee morale resulting from their initiatives. Over half the Valley Forge employees are being told to move to Virginia or be laid off. Although this is being presented as an alignment with Customer wishes, this is really just part of the corporate program to further reduce overhead by reducing the VF footprint and selling one of the buildings. Attrition is skyrocketing, even in VA, and various programs are starting to find it difficult to meet their obligations. Veritas essentially remortgaged the debt they took on to buy "The SI" from Lockheed and doubled down in buying QNetiQ, a comparably sized company which was losing money and bought from a British company that was looking to cut its losses. This enabled Veritas to push off their debt obligation while appearing to "grow" the company and provide better financial numbers to prospective buyers. Handwriting is on the wall.

Explore other reviews about Vencore

5.0
1 July 2022
Recommend
CEO approval
Business outlook

Pros

Flexible working schedule Good Management Very good working environment

Cons

No gym No free coffee/soft drink

1.0
1 Dec 2015
Recommend
CEO approval
Business outlook

Pros

Good people, but this is undoubtedly dependent upon one's work location. Employees are conscientious and are totally dedicated to the customer and the mission. Lower level management gives employees room to manage work hours, duties, etc., as long as the customer is happy. Work environment is largely at customer sites so again, variable and dependent on the individual situation. Vencore used to be an exceptional company that really supported its employees. It came from one of the best divisions of Lockheed Martin - even senior management took care of its people and the people were appreciative. Then the divestment came and, soon after, the new CEO. The one good thing is that paid time off has been increased.

Cons

We used to be different - now Vencore is just another Beltway Bandit to work for. Nothing special. No better than any other US Gov't contractor. Divested from Lockheed, the firm was bought by a private equity firm. Seems they are only interested in realizing the greatest profit when they finally sell off the company . Benefits have been cut. Senior management froze the pension 2 years ago but created a new, less costly version with much lower compensation. Still, it was something that few if any companies offer. This year - Surprise! It's gone! "So sorry. Wasn't fair to new employees." If you want a job, take their offer. You probably won't stay long. At this point the best thing to do is hop around to other companies. There's no reason to stay at Vencore! There's just no benefit to staying at Vencore anymore.

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