From Yahoo Finance: 2025-05-23 21:42:00

Booz Allen Hamilton Holding Corporation (NYSE: BAH) plans to cut 2,500 jobs due to reduced federal spending under the Trump administration. The consulting firm earns 98% of its $12 billion annual revenue from government contracts, making it vulnerable to changes in federal budget priorities. CEO Rozanski stated that the job cuts, which represent about 7% of the workforce, will mainly impact the division that works with civilian government agencies. Shares of BAH dropped 16.5% after executives warned of weaker government spending and issued cautious guidance for the fiscal year.



Read more at Yahoo Finance: Booz Allen Hamilton Holding Corporation (BAH) Slashes 2,500 Jobs in Response to Federal Spending Reductions Under Trump