Booz Allen shares sink as Trump’s spending cuts hit earnings

Booz Allen to slash headcount as US cuts hurt outlook

The tech services company said it is responding to the Trump administration’s move to shrink government spending.

Booz Allen to Slash Headcount as Government Cuts Hurt Outlook

Booz Allen Hamilton Holding Corp. will cut about 7% of its almost 36,000 employees this quarter in response to the Trump administration’s move to shrink government spending.

Booz Allen shares sink as Trump’s spending cuts hit earnings

Consulting group plans job cuts and has forecast lower than expected profits

Consultant Booz Allen Hamilton has announced this Friday that she will fire nearly 7% of her staff, that is, about 2,500 workers, during the course of the quarter, on account of the termination of contracts undertaken by the US government to reduce expenses.