Small businesses will likely be the first to feel sequestration's pain, military acquisition officials say as budget planning enters a "purgatory of sorts."
New CEO, Phebe Novakovic, said information systems and technology unit made poor acquisition decisions in 2012 that hurt the company's financial results.
Speculation and perhaps investor pressure is rising for Hewlett-Packard to break itself up as concerns surface about its acquisition of Autonomy and other questionable strategic moves.
FCW.com reports that the Office of Management and Budget has reported a decline in federal contract spending in the past three years, and also reports on the creation of a strategic sourcing council.
Contractors are not required to give advance notice of mass layoffs or facility closures before sequestration kicks in, with such costs being deemed allowable by the White House's recent guidance.
