From www.goingconcern.com: (US context) Deloitte has been significantly impacted by President Trump’s initiative to reduce government spending on consultants, losing at least 129 contracts worth over $371 million, more than any other consultancy.

A Financial Times analysis highlights that Deloitte’s cancelled contracts surpass those of its competitors, with substantial cuts occurring ahead of a government deadline for price reductions.

As a result, Deloitte is expected to face layoffs due to the decline in federal contracting opportunities.