Headline
Accenture warns Elon Musk’s Doge-led spending crackdown is hitting revenues
URL (Archive)
Pubdate
One-liner
"Departments and agencies needed to prove the value of consulting contracts."
Timeline
Document Type
Venue
Report Excerpt
[Accenture] said on Thursday that new work for the US government, which accounted for about 8 per cent of its $16.7bn in global revenue in the quarter ended February 28, slowed sharply after President Donald Trump’s administration took office.
Accenture is one of 10 consulting firms targeted by the Trump administration in the spending crackdown orchestrated by Musk’s so-called Department of Government Efficiency (Doge).
The General Services Administration, which helps to co-ordinate federal procurement, said departments and agencies needed to prove the value of consulting contracts with the 10 firms — which also include Deloitte, Booz Allen Hamilton and IBM, among others — or cancel them.
Kicker
Government Entity
Add new comment