Deloitte, EY, BAH esque contractors…what are your plans?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Aren’t defense contractors going to thrive?

no; proposed budget says a $100B cut to defense.
https://federalnewsnetwork.com/defense-main/2025/01/possible-cuts-for-army-dod-civilian-workforce-reduction-under-trump-defense-advisors/

How is this NOT going to cause a recession?

Think of how Silicon Valley works. Even when something works well, they want to tinker with it and make it do something else. If it ends up worse, oh well. They don't follow rules or care about consequences, it's all about disruption. In other words, they don't care about recessions or anything except their current focus on disrupting how things are at the moment.

[Anonymous]

Anonymous wrote:Focus on govt agencies that are critical like defense, DHS CBP, CISA, iCE, DOD non research. The rest are probably wasteful spending and will be cut.

What about DOD research?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Dc economy will be fine so would be the real estate. Money saved from here would be spent somewhere else.

80% of federal employees and contractor are not in the DMV but the DMV is going to get f’ed including house prices. The whole country is going to burn. Between the tariffs and the destruction of the US government we are talking about a direct impact on 45-55% of the GDP. It will take years for this to settle out.

No, it won't. You are exaggerating it because you are in habit of using Govt welfare programs and jobs. Most of these jobs and contractors are literally welfare because the offices are not efficient and agencies just hire, hire, and hire contractors.

Can you elaborate and provide specifics. I am trying to truly understand what is going on, and understand where the massive fraud and abuse is happening. I assumed there was some but not at the scale being discussed as cause for these EOs. General statements without specifics don’t really help.

Oh hunny. Funny you still think this is a fraud and abuse hunt ...have a good read: https://www.washingtonpost.com/business/2025/02/08/doge-musk-goals/

[Anonymous]

Anonymous wrote:Dc economy will be fine so would be the real estate. Money saved from here would be spent somewhere else.

Like…mar a lago?

[Anonymous]

I too work at one of the above and am planning an exit. I've been considering it for a while for other reasons, but my company's extreme willingness to kneel down before this administration has me working a bit harder to leave. I plan to leave contracting entirely and fortunately have skills that transfer.

[Anonymous]

Anonymous wrote:

Anonymous wrote:What kind of defense contracts are likely to be hit? Shorter procurement / administrative systems? Long-term aircraft, satellite, or navel ship development?

Very little of the defense industry is actually in the DMV…it’s all over the country in many red states and red areas. Yes, you have Boeing HQ and other HQs.

As an example, there is a PA factory in a deep red area supplying a ton of munitions for the Ukraine. If that plant is closes, it will devastate that area.

It won’t they are only looking to screw blue areas.

[Anonymous]

Anonymous wrote:I too work at one of the above and am planning an exit. I've been considering it for a while for other reasons, but my company's extreme willingness to kneel down before this administration has me working a bit harder to leave. I plan to leave contracting entirely and fortunately have skills that transfer.

I am the OP and am also planning to leave contracting. I wonder if we are colleagues…although sounds like you’re at Deloitte based on the admin comments.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I too work at one of the above and am planning an exit. I've been considering it for a while for other reasons, but my company's extreme willingness to kneel down before this administration has me working a bit harder to leave. I plan to leave contracting entirely and fortunately have skills that transfer.

I am the OP and am also planning to leave contracting. I wonder if we are colleagues…although sounds like you’re at Deloitte based on the admin comments.

What industry are you heading into?

[Anonymous]

These companies are called Beltway Bandits for a reason!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I too work at one of the above and am planning an exit. I've been considering it for a while for other reasons, but my company's extreme willingness to kneel down before this administration has me working a bit harder to leave. I plan to leave contracting entirely and fortunately have skills that transfer.

I am the OP and am also planning to leave contracting. I wonder if we are colleagues…although sounds like you’re at Deloitte based on the admin comments.

What industry are you heading into?

I am (hopefully) going to an internal role at a very large defense contractor - not ideal, but I won’t be an actual contractor. So say currently I am an accountant at Deloitte serving clients, now I’ll be an accountant at Raytheon. Along those lines.

In normal times, I’d be really thrilled for this opportunity. Now am not as sure, but will likely be laid off as a contractor anyways.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Dc economy will be fine so would be the real estate. Money saved from here would be spent somewhere else.

80% of federal employees and contractor are not in the DMV but the DMV is going to get f’ed including house prices. The whole country is going to burn. Between the tariffs and the destruction of the US government we are talking about a direct impact on 45-55% of the GDP. It will take years for this to settle out.

No, it won't. You are exaggerating it because you are in habit of using Govt welfare programs and jobs. Most of these jobs and contractors are literally welfare because the offices are not efficient and agencies just hire, hire, and hire contractors.

Can you elaborate and provide specifics. I am trying to truly understand what is going on, and understand where the massive fraud and abuse is happening. I assumed there was some but not at the scale being discussed as cause for these EOs. General statements without specifics don’t really help.

Oh hunny. Funny you still think this is a fraud and abuse hunt ...have a good read: https://www.washingtonpost.com/business/2025/02/08/doge-musk-goals/

This is not about fraud and waste. If it was, you would have accountants scrutinizing invoices and contracts. It's just a bunch of second-tier, racist computer programmer bros (the really good ones are working for better Silicon Valley firms and doing actual work). This is about destroying agencies that are considered dangerous to Trump or not in line with MAGA views--DOJ, FBI, CIA, and USAID, Dept of Ed, CFPB etc.

[Anonymous]

There will be reassigning at first, then performance based layoffs. The main focus at my company is to replace the underperforming folks who focus on commercial clients with ex-fed employees and cross-train. So cut underperforming contractors on federal contracts, cut underperforming employees on the commercial side, and then replace with ex-feds while saving 20% of headcount budget at the same time. It's brutal.

[Anonymous]

Anonymous wrote:There will be reassigning at first, then performance based layoffs. The main focus at my company is to replace the underperforming folks who focus on commercial clients with ex-fed employees and cross-train. So cut underperforming contractors on federal contracts, cut underperforming employees on the commercial side, and then replace with ex-feds while saving 20% of headcount budget at the same time. It's brutal.

This actually intrigues me. I have historically been a top performer at my company (receiving rankings in the top 5-10% each year) but my contract was cut so my billable hours this year are in the toilet.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I too work at one of the above and am planning an exit. I've been considering it for a while for other reasons, but my company's extreme willingness to kneel down before this administration has me working a bit harder to leave. I plan to leave contracting entirely and fortunately have skills that transfer.

I am the OP and am also planning to leave contracting. I wonder if we are colleagues…although sounds like you’re at Deloitte based on the admin comments.

What industry are you heading into?

I am (hopefully) going to an internal role at a very large defense contractor - not ideal, but I won’t be an actual contractor. So say currently I am an accountant at Deloitte serving clients, now I’ll be an accountant at Raytheon. Along those lines.

In normal times, I’d be really thrilled for this opportunity. Now am not as sure, but will likely be laid off as a contractor anyways.

Internal roles that aren't direct bill are also in danger. All those salaries are paid for by overheads from directly billable work. If that work goes away, so does $ for all the overhead ppl.

[Anonymous]

So first of all , this is not a matter of fraud and abuse. This is just Musk and Trump removing areas for policy reasons. They just call it fraud and waste