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Parsons Corporation

PSNIndustrials· Centreville, Virginia, US
LAYOFFS TRACKED
2
LAST EVENT
Sep 30, 2025
MARKET CAP
$1.70B
as of Aug 27, 2026
EMPLOYEES
5,000

Parsons Corporation is a technology-driven engineering services firm that specializes in the defense, intelligence, and critical infrastructure sectors. The company provides a wide range of services including planning, design, and construction management.

Layoff timeline

2 EVENTS
Sep 30, 2025WARN notice
New York, NY
Reported Jan 27, 2026Date not disclosedNews

Parsons Corporation is facing potential layoffs as the Hudson rail tunnel project may soon come to a halt. The project, which is crucial for regional transportation, has encountered significant delays and funding issues. As a result, Parsons Corporation has indicated that it may need to reduce its workforce in connection with the project's uncertain future. While specific numbers of affected employees have not been disclosed, the company is preparing for possible job cuts in the coming weeks. The situation remains fluid, and further updates are expected as the project’s status evolves.

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