The trump administration has ordered the termination of $5.1 billion worth of service contracts, which may be a major blow to several IT companies.
Accenture and Deloitte will suffer the most significant losses.
The agreements "represent non-essential spending on third party consultants" for services that Pentagon workers may provide, according to US Defense Secretary Pete Hegseth, who issued the order terminating the services. "These terminations represent $5.1 billion in wasteful spending... and nearly $4 billion in estimated savings," he stated.
Earlier, he claimed that DOGE might save $1 trillion.
"Elon has performed admirably. Here he sits. Other than the fact that I just happened to admire Elon, I don't care and don't need him for anything. This guy performed an amazing job, I tell you. I bought an automobile, therefore I don't need his. "Did you get a bargain?" they asked, and I said, "No, give me the best price." To be honest, he builds a terrific car, but I spent a lot of money on it. What do I do with it, you know? He remarked, "I let people drive it around in the office."
Additionally, Musk reportedly made "personal appeals" to trump in opposition to the administration's tariffs on the country's trading partners. The Washington Post said that Musk's "attempted intervention" has not yet been successful.
Accenture and Deloitte will suffer the most significant losses.
The agreements "represent non-essential spending on third party consultants" for services that Pentagon workers may provide, according to US Defense Secretary Pete Hegseth, who issued the order terminating the services. "These terminations represent $5.1 billion in wasteful spending... and nearly $4 billion in estimated savings," he stated.
Earlier, he claimed that DOGE might save $1 trillion.
"Elon has performed admirably. Here he sits. Other than the fact that I just happened to admire Elon, I don't care and don't need him for anything. This guy performed an amazing job, I tell you. I bought an automobile, therefore I don't need his. "Did you get a bargain?" they asked, and I said, "No, give me the best price." To be honest, he builds a terrific car, but I spent a lot of money on it. What do I do with it, you know? He remarked, "I let people drive it around in the office."
Additionally, Musk reportedly made "personal appeals" to trump in opposition to the administration's tariffs on the country's trading partners. The Washington Post said that Musk's "attempted intervention" has not yet been successful.
click and follow Indiaherald WhatsApp channel