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Stock impact report

Oracle is reportedly among a wave of tech giants hit by DOGE cuts, as defense secretary balks at ‘throwing more good taxpayer money after bad' [Yahoo! Finance]

Leidos Holdings, Inc. (LDOS) 
Last leidos holdings, inc. earnings: 2/18 06:00 am Check Earnings Report
US:NYSE Investor Relations: investors.leidos.com
Company Research Source: Yahoo! Finance
result of the Trump administration's mass spending and workforce reductions. Tech firm Accenture , which also had a government contract terminated, warned earlier this month of the negative financial repercussions of the contract loss. Oracle is one of the latest tech giants to be impacted by sweeping cuts to government contracts. Defense Secretary Pete Hegseth announced last week the department would cut $580 million in funding, grants, and contracts—hitting companies that do business with the Pentagon. Those cuts targeted the Defense Civilian Human Resources Management System (DCHRMS)—a personnel management software—as well as diversity, equity, and inclusion programs, plus climate change and Covid research line items. The DCHRMS initiative is based on Oracle software. Looking through contracts and defense websites, Bloomberg identified Oracle, in addition to defense and engineering firm Leidos, as among the companies affected by terminations, the outlet reported Friday. “ Show less Read more
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