US EditionIBM says multiple contracts cancelled following US government DOGE probes - but it's not worried
- The Department of Government Efficiency cancelled 269 contracts valued at $845 million, resulting in $255 million in savings.
- IBM's shares fell 6.48% after the company reported the suspension of 15 contracts worth approximately $100 million.
- Attorney General Pam Bondi mentioned that the Justice Department eliminated grants totaling $2 million focused on community listening sessions and police department services.
- Morgan Stanley analysts highlighted that IBM's consulting business is vulnerable to spending cuts, as its reliance on government clients poses challenges.
13 Articles
13 Articles
Don't Believe DOGE When It Says It Isn't an Agency — It Is, and That’s Important - American Oversight
The Department of Government Efficiency (DOGE) has, in the months since President Donald Trump ordered its creation, forcefully targeted the federal government, dismantled federal agencies, and forced out unprecedented numbers of federal employees — all while refusing to comply with public records laws designed to ensure the public can hold its government accountable. DOGE has claimed that it is not subject to either the Freedom of Information …
DOGE Acts To Slash Massive Federal Agency Credit Card Racket It Exposed, Cuts Nearly Half A Million Cards - The American Tribune.com
In huge news for Americans hoping to see major change out of the federal government, particularly as applied to the wastefulness for which the federal government is known, the Elon Musk-led Department of Government Efficiency (DOGE) slashed half a million credit cards that it contends were being used for waste by federal employees. For context, DOGE was spurred into acting on the jaw-dropping levels of fraud by an executive order issued by Presi…
DOGE slashes 'wasteful' 'problem-solving' contract worth $50K in latest round of eliminations
The Department of Government Efficiency (DOGE) announced the elimination of hundreds of millions of dollars worth of "wasteful" contracts on Thursday, including one for "problem-solving" services.
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