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Leidos and Booz just released earnings and both were optimistic about 2025 and are expecting growth in revenue and earnings…with a lot from their various government contracts.
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Please tell us what drugs you are on. They must be lovely. |
m Leidos will likely fare better than Booz…Booz seems to have a lot of ‘strategic communications’ type work. |
there is a lot more than happens in DC than just feds. Biggest bloat is the contractor and if feds are cut then they will get hired. DoD is always growing. |
| If you follow what was done so far, it seems to follow the next leg to fall is going to be contracts. |
| I don't work for one of the listed contractors but another big one. I am a little appalled that my company has rid Slack and training of groups like women or veterans. Job hunting. |
This is naive. They are looking for a 75% reduction in employees and spending. Trump has already said he is going after DOD. It will be blood bath all across the country. Government contracting is 795 billion a year. It is so much easier to cancel contracts vs fire federal employees and you save a ton more money. |
Federal workers- 2.3 million employees at 291 billion a year. You could fire every federal employee and save $291 billion a year on a 6.7 trillion budget. To reduce spending one has to cut the VA, Va benefits, DOD, Social Security, Medicare, DHS and CBP. This is 25% of GDP. Add in tariffs and it is 45-65% of GDP. The tariffs will impact 50-75% of the world’s GDP. The people doing this do not understand what they are doing and are imposing a political loyalty test. The clown show like you will feel the pain. This will end in disaster similar to the Great Depression. |
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This is ridiculous. How can we let this happen?
Surely people will rise up when everyone is out of work, and it won’t be pretty. |
Most "people" in America don't care and don't know a single federal employee. They just think all these DC types are these shadowy deep state DEI play producing weirdos. Of course their lives will be affected by this but they aren't paying close enough attention to understand it. It's too abstract for most to understand slashing NIH funding that impacts clinical trials might affect them down the line. You would have thought COVID would have opened their eyes a little more to the impact the federal government has... but nope. They'll only care once it impacts something in their everyday life, and even then, itll be too many layers removed for them to grasp it. It's going to have to be something very immediate and direct like a SS check gets impacted, their drug price rises, Medicare benefits get slashed, etc. |
That's why I think educating people (particularly in red states) is so important. Not in a "you hillbilly idiot, you got exactly what you voted for" sort of way of course, but showing them in plain terms the impact TRUMP's policies are having. My friend lives in an area where Trump has shut down a training facility - lots of folks are out of work, including the more blue collar types who do things like housekeeping, building maintenance, etc. She spoke with one impacted person and essentially said "I am so sorry Trump decided to shut this program down, I really agreed with its mission and I am sorry you are out of a job." The person in question did not make the connection from Trump --> loss of job, but hopefully they do now. |
I don’t know a single person who voted for Trump - and that’s most people I know - that doesn’t love what he’s doing. Literally doing every single thing he campaigned on in less than a month, that’s a lot of winning. |
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I’m at a large IT contractor - more Deloitte than BAH. There is going to be a temporary bloodbath while contracts are cancelled or awards are delayed at the targeted agencies. Subcontractors in staff aug roles will be cut as we focus on protecting our own people. Back office folks will be cut because if $$$ isn’t coming in, we can’t pay for overhead.
Companies that have ongoing maintenance contracts for stuff like call center work or accounting might be screwed long term. My spouse is a Fed and he enters his time in one system, his PTO requests in a different system, and somewhere there is a system or a group of people that monitor for discrepancies. That is the kind of stuff that should be replaced with modern systems and AI to check rules and patterns. Once the money starts flowing for new procurement I am optimistic we are positioned to implement some big changes. There are way too many disconnected and antiquated systems still being used. |
Isn't that kind of the plan? |
LOL! you are naive. There is a difference between bark and bite. |