Deloitte has been hit hardest by the Trump administration's cost-cutting initiative under the Department of Government Efficiency (DOGE), losing 124 federal contracts worth over $371 million in taxpayer savings. With other major consulting firms also impacted, the government's push for efficiency raises concerns over innovation and economic stability. Deloitte's losses have led to job cuts and forced companies to reconsider their strategies amidst growing uncertainty.
Deloitte is a New York-based management consulting firm that provides services such as risk management and financial advisory for industries including healthcare and energy.