Reply to Is there going to be panic selling?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The contract work isn’t going anywhere longterm. Elon and Bezos make a ton of money on contracts. Part of the plan is probably to take the federal workforce down to a skeleton crew precisely so contractors like AWS and SpaceX can eat up even more of the spending.[/quote]

Yes in the defense space. Obviously this is not going away. Plenty of us work in other areas of the government and those are going away. [/quote]

Yes in defense. But AWS still sells to USAID. That USAID contract is ending. DOE. DOL. NOAA. Pick your agency. That piece of contracting work is dropping. [/quote]

Well Defense is an enormous share of the spending. USAID is a tiny fraction and mostly not in DC. And DOE, DOL etc will go on existing and contracting, probably in greater amounts ultimately given their decimated workforces [/quote]

USAID is not the only contractor. We have lost contracts at IRS, Energy, Education, HHS, other independent agencies.[/quote]

Initially contracts would be lost as it's expected, because they will have to be reviewed.  This happens in the private industry contracting a lot.  Consulting companies even those deeply embedded and working with their fortune 500 client lose contracts all the time especially during the reorgs.  Often New contracting companies are brought in to replace older vendors or older vendors have to take a step back and "re-submit" the contracts to the new leadership.  Often redo some of the initial scoping work, trying to sell business at a different angle consistent with the goal of the new leadership.  It's what's going to eventually happen, but the first stage is going to be pure pain because it's about elimination.  Restructuring will come later. [/quote]

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