Deloitte, a 'Big Four' firm, has faced significant losses due to Elon Musk's Department of Government Efficiency (DOGE) cutting 127 federal contracts since January. This has resulted in an estimated $371.8 million in taxpayer savings. The largest terminated contract was worth $51 million for IT services to the Department of Health and Human Services. Deloitte's losses are more than double those of other affected firms, including Accenture and Booz Allen Hamilton. Layoffs are expected in Deloitte's Government and Public Services division, which employs over 15,000 people .
Source : Hindustan Times
Deloitte's Financial Fiasco: DOGE Cuts Leave Firm Reeling