Booz Allen Hamilton, a leading government consulting firm, has announced plans to reduce its workforce by approximately 2,500 employees, representing about 7% of its 36,000 staff. This decision comes in response to significant revenue and profit shortfalls tied to spending cuts initiated by the Trump administration.
The layoffs will primarily impact the company's civil division, which has been affected by reduced spending under existing IT contracts and a slowdown in new business. CEO Horacio Rozanski noted that the speed and intensity of these changes were beyond the company's original expectations.
Despite these challenges, Booz Allen anticipates future growth in its defense and intelligence sectors and sees opportunities in government modernization, AI, and technology upgrades.
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