As Elon Musk’s Department of Government Efficiency continues its mass elimination of government contracts, no consultancy has been harder hit than Deloitte.
DOGE has cut or modified at least 124 Deloitte contracts since the beginning of President Donald Trump’s second term, Fortune found in an analysis of DOGE’s “Wall of Receipts.” The contracts were worth more than $1.16 billion, with Musk’s advisory group claiming to have saved taxpayers about $371.8 million from their terminations. The largest eliminated contract was worth more than $51 million for IT services for the Department of Health and Human Services.
Deloitte is one of at least 10 consulting firms with eliminated contracts. Comparatively, Booz Allen Hamilton had 61 contracts cut with an estimated $207.1 million “saved”; Accenture had 30 cut contracts worth $240.2 million in claimed savings; and IBM had 10 contracts worth $34.3 million in savings eliminated, Business Insider reported, meaning Deloitte had more than twice as many contract cuts as any other consultancy.
Though DOGE claims to have saved a total of $140 billion, not all of it is true savings, according to Bank of America. The advisory group has “overstated” its savings by failing to account for new contracts and inflating the value of other cancelled contracts, according to the bank. Other contracts listed on the DOGE Wall of Receipts were cancelled before Trump took office or ended naturally, The New York Times reported.
Still, DOGE’s cuts represent real losses for government contractors. Deloitte, one of the big four consulting companies along with PwC, EY, and KPMG, reported $67.2 billion in revenue in fiscal 2024, with about 10% of it coming from government contracts
DOGE has cut or modified at least 124 Deloitte contracts since the beginning of President Donald Trump’s second term, Fortune found in an analysis of DOGE’s “Wall of Receipts.” The contracts were worth more than $1.16 billion, with Musk’s advisory group claiming to have saved taxpayers about $371.8 million from their terminations. The largest eliminated contract was worth more than $51 million for IT services for the Department of Health and Human Services.
Deloitte is one of at least 10 consulting firms with eliminated contracts. Comparatively, Booz Allen Hamilton had 61 contracts cut with an estimated $207.1 million “saved”; Accenture had 30 cut contracts worth $240.2 million in claimed savings; and IBM had 10 contracts worth $34.3 million in savings eliminated, Business Insider reported, meaning Deloitte had more than twice as many contract cuts as any other consultancy.
Though DOGE claims to have saved a total of $140 billion, not all of it is true savings, according to Bank of America. The advisory group has “overstated” its savings by failing to account for new contracts and inflating the value of other cancelled contracts, according to the bank. Other contracts listed on the DOGE Wall of Receipts were cancelled before Trump took office or ended naturally, The New York Times reported.
Still, DOGE’s cuts represent real losses for government contractors. Deloitte, one of the big four consulting companies along with PwC, EY, and KPMG, reported $67.2 billion in revenue in fiscal 2024, with about 10% of it coming from government contracts
Category
🗞
News