Austin software company Overwatch Systems, which provides computer programming and other services, will soon begin to wind down its operations and eventually stop service, Overwatch’s parent company Textron Systems confirmed on Friday.
The shutdown will affect 46 positions at the company’s offices at 5301 Southwest Parkway in Austin, according to a letter the company sent to the Texas Workforce Commission.
“This reflects a refocus from its multi-intelligence analysis area toward other platform and software elements of the Textron Systems portfolio,” Betania Magalhaes, Textron corporate communications and digital marketing manager, said in an email to the American-Statesman. “The company is reviewing possible opportunities to redeploy impacted employees to available opportunities elsewhere in the enterprise.”
Overwatch, which does business under the name Advanced Information Solutions, was reportedly founded in 2005.
Megalhaes said the shutdown of Advanced Information Solutions is “concurrent with the completion of current programs.”
Textron Systems is a Providence, Rhode Island-based company that designs and produces light armored combat vehicles. Textron employs more than 3,000 people, according to Megalhaes.
The cuts at Overwatch will happen in phases, with the first scheduled for Dec. 31 and continuing through April 6 of next year, according to a WARN letter from Textron Human Resources Manager Rene Gutierrez to the Texas Workforce Commission.
WARN stands for the Worker Adjustment and Retraining Notification Act, and is a federally mandated notice employers must provide to state governments in the event of significant layoffs.