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Hilton lays off 2.1K employees, extends furloughs
As hotels continue to struggle during the COVID-19 pandemic, McLean-based Hilton Worldwide Holdings Inc. announced Tuesday it is laying off 2,100 corporate employees — more than 20% of its corporate workforce. The company is also extending furloughs, reduced hours and corporate pay reductions, which were first announced in March, for up to an extra 90 […]
Booz Allen wins $800M AI defense contract
Tysons-based federal contractor Booz Allen Hamilton announced Tuesday it has won an $800 million, five-year contract from the U.S. General Services Administration to create artificial intelligence products for warfighting operations supporting the Department of Defense’s Joint Warfighter National Mission Initiative. Booz Allen will embed AI decision-making and analysis at all tiers of DoD operat[...]
Alarm.com subsidiary acquires apartment intercom company
A subsidiary of Tysons-based security company Alarm.com announced Monday it has acquired apartment intercom system company Doorport Inc. Financial terms of the transaction were not disclosed. Through the acquisition, PointCentral Smart Property Management, which focuses on rental properties, will now be able to offer building security and access as well as property management through a […[...]
Tegna acquisition talks fall through
As the financial fallout from the COVID-19 pandemic escalates, Tysons-based Tegna announced that two offers to acquire the Gannett spinoff company have fallen through. “TEGNA and its advisors engaged substantially with two of these parties and provided them extensive non-public due diligence information,” the company wrote in a statement over the weekend. “These two parties […]
Tegna receives new acquisition offer
Now the subject of a bidding war, Tysons-based broadcast and digital media company Tegna Inc. has received a new acquisition offer from investment firm The Najafi Cos. and religious broadcaster Trinity Broadcasting Network (TBN) that values the company at $20 per share cash, the companies announced Thursday. Tegna was once part of McLean-based mass media […]
MicroStrategy CEO draws fire for denying COVID-19 is health crisis
Michael Saylor, the CEO of Tysons-based tech company MicroStrategy Inc., wrote a later-redacted three-page memo to his 2,400 employees this week arguing that COVID-19 is not a public health crisis and saying he refused to close down MicroStrategy’s offices and shift to teleworking unless he was legally required to do so. In the letter, he […]
DXC Technology names executive vice president, offerings and strategic partners
Tysons-based DXC Technology named Ken Corless as executive vice president, offerings and strategic partners, on Friday. Corless will be based in the company’s Chicago office. Corless was most recently the chief technology officer for Deloitte’s Cloud Practice in his 30-year career in the information technology industry. Before Deloitte, he spent more than 28 years at […]
Alarm.com launches apprenticeship program
In cooperation with Northern Virginia Community College, Tysons-based Alarm.com launched an apprenticeship program Friday aimed at producing workers with in-demand tech skills. Supported by the state’s GO Virginia economic development initiative, 10 initial apprentices, including three from the military community, will participate in Alarm.com’s paid yearlong apprenticeship program. They will [...]
DXC Technology elects former Pfizer CEO as board chairman
DXC Technology’s board of directors elected Ian Read as its new chairman, which will be effective March 16, the Tysons-based IT company announced Thursday. Read is the former chairman and CEO of New York City-based multinational pharmaceutical corporation Pfizer Inc., known for medications such as Lipitor, which treats high cholesterol. Read succeeds DXC Technology’s current […]
Tysons insurance broker Ames & Gough promotes three execs
Ames & Gough Insurance Risk Management Inc. CEO Dan Knise will also serve as the chair of the Tysons-based insurance broker, which announced Tuesday that it was also promoting two senior executives to leadership positions. As chair and CEO, Knise will focus on the firm’s strategy and initiatives and will mentor new employees. He became […]
Tysons cloud computing firm acquires Spanish software company
Tysons-based cloud computing company Appian Corp. has acquired Seville, Spain-based software company Novayre Solutions SL, developer of the Jidoka Robotic Process Automation (RPA) platform. Financial terms of the acquisition were not released. RPA is the use of specialized computer programs to automate repeatable business processes. Using RPA, companies can process transactions, manipulate data, t[...]
