Lockheed Martin to lay off 123,000 and other defense contractors may follow - Tea Party Tribune Lockheed Martin is going to lay off 123,000 defense workers due to Obama's downsizing of the military President Obamas administration has asked Lockheed Martin to delay its announcement of the layoffs of 123,000 employees to make the unemployment numbers look much better. Lockheed Martin is one of several defense contractors ready to lay off tens of thousands and hundreds of thousands of people after the election. These numbers may indeed rocket the unemployment figures past 8%. Obama's sheds one tear for laid off workers. All part of his move forward approach to get Americans back to work.