From Yahoo Finance: 2025-05-24 06:15:00

Booz Allen Hamilton Holding Corporation (NYSE:BAH) saw a 16.53% drop in its stock price on Friday, closing at $107.79. The decline was attributed to a gloomy outlook and news of impending job cuts affecting up to 7% of its 36,000 employees due to government spending reductions.

CEO Horacio Rozanski mentioned agency reorganizations, personnel cuts, and spending reductions as factors impacting BAH’s revenue, mostly derived from government contracts. The company anticipates a low double-digit revenue decrease for the full fiscal year of 2026, primarily affecting its civil business sector.

Despite challenges, BAH ranks 3rd among Friday’s worst-performing stocks. While the company holds potential, some investors see greater promise in AI stocks with lower downside risk. For those seeking AI stocks with significant upside potential, there are recommendations in a related report.

As part of its effort to adjust to government spending reductions, Booz Allen Hamilton Holding Corporation (NYSE:BAH) announced plans to cut jobs, primarily in its civil business sector. The company expects a low double-digit revenue decrease for the full fiscal year of 2026 due to reduced government spending.

Read more: Why Booz Allen Hamilton Holding Corporation (BAH) Crashed On Friday