Layoffs Coming? Pentagon To End USD 5.1 Billion IT Service Contracts With Deloitte, Accenture and Others
The Pentagon has reportedly announced the termination of IT service contracts of USD 5.1 billion with tech firms like Deloitte and Accenture, raising concerns about potential layoffs in the IT sector.
The Pentagon has reportedly taken a major step towards cutting spending by cancelling information technology (IT) service contracts worth USD 5.1 billion. As per a report of Reuters, US Defence Secretary Pete Hegseth has ordered the termination of contracts with major firms including Deloitte, Accenture, and Booz Allen Hamilton. A memo released late on Thursday reportedly stated that these contracts were considered "non-essential spending on third party consultants." The decision might impact the IT sector, with growing concerns over possible layoffs in the coming months. TikTok Layoffs: ByteDance-Owned Platform Lays Off E-Commerce Team in US Over Poor Performance Amid Ongoing US-China Trade Tariffs War, Say Reports.
Pentagon To End USD 5.1 Billion in IT Contracts With Accenture, Deloitte
🚨 The Pentagon has announced the termination of IT service contracts worth $5.1 billion, impacting major consulting firms such as Accenture and Deloitte.
Not a good sign for IT firms. Layoffs soon?!
— Indian Tech & Infra (@IndianTechGuide) April 12, 2025
(The above story first appeared on LatestLY on Apr 12, 2025 03:32 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
