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Elon Musk's department of government efficiency (DOGE) has significantly impacted Deloitte, slashing 124 federal contracts worth over $1.16 billion since January, resulting in an estimated $371.8 million in taxpayer savings. Deloitte has faced the most contract eliminations among consultancies, with Accenture and Booz Allen Hamilton also feeling the effects, as federal contracts are crucial for their revenue. Analysts warn that ongoing cuts could hinder innovation and economic growth, prompting firms to adopt a cautious approach.
Elon Musk's Department of Government Efficiency (Doge) is intensifying efforts to cut federal spending on consulting, leading to the cancellation of numerous contracts, including a $1.9 billion IT services deal with Deloitte for the IRS. Ten major consulting firms have been given a deadline to justify their ongoing projects, with a focus on ensuring taxpayer return on investment. The initiative has sparked confusion and concern among contractors, as mass firings and executive orders reshape the landscape of government consulting.
Josh Gruenbaum
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
deloitte faces major contract cuts under elon musk's government efficiency initiative
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20:17 04.04.2025
government cuts consulting contracts amid spending review and uncertainty
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Booz Allen Hamilton Inc.
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06:00 06.03.2025
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