CSC to shed 1 million square feet by end of 2014, Washington Business Journal, May 15, 2013

Jill R. Aitoro

 Computer Sciences Corp. downsized its workforce by 8,000 employees during fiscal 2013 and plans to reduce its real estate footprint by more than 1 million square feet by the end of 2014 as part of an ongoing effort to trim overhead.

During fiscal 2013, the company spent $264 million in restructuring costs, including a reduction of management layers from as many as 14 to eight, facilities consolidation, and greater use of offshore resources, CEO Mike Lawrie told investors Wednesday. . .

Currently the company has 16 million square feet in owned and leased space, with plans to trim 1 million square feet by the end of 2014, including data center locations. The company largely plans to reduce space in existing facilities rather than leaving facilities entirely, according to the company spokesman. . . .

For those who don't want to break out their calculator, a year from now CSC will have 90,000 employees in 15 million square feet of office space.  That's 167 GSF per employee, not the 300 GSF the County DPZ insists on using for planning purposes.  

Click here for this latest evidence of declining employee office space.