Elon Musk: What did Elon Musk’s Dogi do to Deloite? 124 contracts of over $ 370 million were reduced

Delioet Trump has been the most difficult killed by administration Consultation cutWith at least 124 Federal contract The Fortune reported since January ended or revised.
Cuts led by the department of Elon Musk Official efficiency ,Dog), The target is to reduce government spending and resulted in an estimated $ 371.8 million Tax payer savings,
According to Fortune, Dogi has cut or modified at least 124 delibeit contracts since the onset of Trump’s second term. The price of these contracts was more than $ 1.16 billion, with over $ 371.8 million. The largest canceled contract, which was worth $ 51 million, was for IT services for the Department of Health and Human Services. Deloitte has faced more contracts than any other consultancy Buz Allen Hamilton And Accenture behind.
Dogge claimed that there has been a total of $ 140 billion saving, but the Bank of America has expressed concern over exaggerated savings, as some listed contracts have ended before or naturally before Tram’s tenure, the New York Times reported.
The deduction has affected the private sector, as federal contracts are a major source of revenue for consultation firms. Accenture CEO Julie Sweet admitted in an earning call that the deduction hurt the firm’s revenue, its federal service division lost $ 240.2 million in contracts. Following his comment, the stock of the Accenture declined by more than 7%.
General service administration (GSA) has asked the consultations to submit a detailed report identifying cost-cut opportunities. Josh Gruenbaum of GSA said, “This administration is firmly that America’s private industry is our backbone … but it is not inconsistent with the right size expenses.”
While Dogi’s actions have spared the defense sector on a large scale, companies such as Buz Allen Hamilton, who greatly rely on the Pentagon contracts, are at risk. Analysts have warned that prolonged cuts can affect innovation and economic growth, a vigilant “waiting-and-detection” approach with firms.