Colorado Springs tech firm TeKnowledge laying off more than 300 employees

Major Tech Layoffs: Colorado Springs AI Firm Sheds 324 Jobs

What’s Happening?

Teknowledge, a prominent Colorado Springs tech firm specializing in AI and cybersecurity, is cutting 324 jobs. The layoffs will occur in phases between October 30, 2024, and December 30, 2025. This move has sparked concerns over the region’s tech industry stability.

Where Is It Happening?

The layoffs are affecting employees at Teknowledge’s headquarters in Colorado Springs, Colorado.

When Did It Take Place?

The process began on October 30, 2024, and will conclude by December 30, 2025.

How Is It Unfolding?

– The layoffs will be executed in two phases, starting November 1, 2024
– Employees linked to legacy projects will be most affected.
– The company will offer severance packages and outplacement services.
– Local government officials are extending support for affected employees.

Quick Breakdown

– **Mandating 324 layoffs** spanning a year and a half.
– Focusing primarily on older project teams.
– Will provide severance assistance and job placement aid.
– Colorado Springs’ tech sector may feel the ripple effects.

Key Takeaways

Teknowledge’s decision to lay off 324 workers is a stark reminder of the volatility in the tech sector. While the company cites restructuring as the reason, the move underscores the broader challenges facing the industry. For employees, this means navigating job uncertainty. For the community, it highlights the need for adaptable workforce solutions.

Innovation often requires tough decisions, but the human toll cannot be ignored. This is a wake-up call for the industry’s impact on local economies.

— Dr. Marina Rioseco, Workforce Economist

Final Thought

The Teknowledge layoffs are a sobering moment for Colorado Springs. While tech jobs reshape economies, their fragility has real consequences. It’s a reflection of our digital age: progress doesn’t always come without disruption. The challenge now is for both the company and the community to bridge the gap, ensuring displaced workers find new footing in a rapidly changing landscape.

Source & Credit: https://krdo.com/news/2025/09/02/colorado-springs-tech-firm-teknowledge-laying-off-more-than-300-employees/