We landed on a $147MM cost reduction target or 17 percent, inclusive of what we delivered last year with our Wave 1 activity.....
As we did last year, we looked hard at non-labor, and again inclusive of Wave 1, approximately 40 percent of our cost reductions will come from non-labor.....
The broad organizational structure of ITC will remain largely unchanged although there will be some internal shifts in work to support segment delivery. To meet our ambition targets, we will reduce approximately 117 U.S.-payroll positions (includes closed/vacant positions) and 63 staff augmentation contractors. Concurrently, there will be an increase in positions in ITC due to our Cybersecurity Acceleration Program and the integration of approximately 240 positions from ETC-TC and GCF-IT. We also selectively made some improvements and reshaped some roles to position our function sustainably for the future, while minimizing unnecessary organizational change.
The IT function leadership team worked carefully on determining the scope of our people changes, given ITC had gone through such a large staffing event last year. We are seeking to balance disruption risk, against the need to optimize our people, and give those affected by our organizational change opportunities to compete for new roles. Approximately 50 percent of ITC U.S. payroll employees will participate in the Resource Optimization Management (ROM) process, which will be conducted in two rounds, and the remainder will be closed in position and unaffected by the ROM.