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It isn't a company - it's a government agency that's being closed. As far as efficiency goes, it depends on whether the same skills are available at other government agencies that can take its place. If specialty skills are unique to one agency, the skills may be lost.Isn't it possible that company (CS&H) is being merged with another, for more efficiency and less waste, though ?
And not necessarily shuttered.
The articles I linked have some information.