Booz Allen to Cut 2.5K Jobs Amid Federal Spending Crackdown

Booz Allen to cut 2.5K jobs amid federal spending crackdown

Booz Allen Hamilton, a consulting firm, said Friday it is planning to cut 2,500 jobs as the Trump administration seeks to reduce government spending levels by discontinuing federal contracts.  The federal shift is projected to decrease Booz Allen’s fiscal 2026 revenue by 3 percent, as most of the company’s earnings are rooted in government contracts. …

Booz Allen to Cut 2,500 Jobs as Business Grapples With Trump Spending Crackdown

Balancing the Books or Breaking the System? The Trump Administration’s War on Consulting Costs

The Trump administration’s aggressive push to curb federal spending has sent shockwaves through the consulting industry, with firms like Booz Allen, Deloitte, Accenture, and IBM facing unprecedented scrutiny and contract terminations. This initiative, driven by the General Services Administration (GSA) and the Department of Government Efficiency (DOGE), aims to deliver substantial savings to taxpayers by slashing what the administration perceive…

The company has blamed its decision on the new policies of the US government, as it has assured that this reduction in staffing is due to a decrease in public spending under the Trump administration. The consultant communicated her decision to the shareholders after presenting their quarterly results, which have shown a 50.8 percent increase in profits between January and March, to reach 193 million dollars. On the other hand, revenues have incr…

MADRID, 23 (EUROPA PRESS) Consultant Booz Allen Hamilton announced this Friday that she will fire nearly 7% of her staff during the quarter, that is, about 2,500 workers, on account of the termination of contracts undertaken by the US government to reduce expenses. According to financial director Matt Calderone, [...] La entrada The consultant Booz Allen Hamilton will fire 2,500 people, 7% of her staff, for Musk's cuts first appears in Forbes Sp…