Companies warn investors that DOGE's federal cuts might hurt business
Source: Washington Post
March 9, 2025 at 8:05 a.m. EDT
Elon Musk’s sweeping makeover of the federal government in recent weeks is reverberating across the private sector, where companies have started expressing fear and uncertainty about disruptions these changes might inflict on their businesses.
As the year’s first earnings season kicks off, dozens of companies in health care, technology, real estate and defense — industries that might have expected rising profits from President Donald Trump’s business-friendly campaign posture — are warning investors in their quarterly reports and conference calls that the effects of rapid change in Washington are unpredictable and could hurt their bottom lines.
“I hope over time that DOGE can potentially become a tailwind for companies like us who are focusing on the federal government,” Carl Eschenbach, CEO of human-resources software maker Workday, said at an investor conference Tuesday. “But right now, there is a lot of uncertainty, and I don’t know when that’s going to tip.” The concerns come as Musk’s U.S. DOGE Service, which stands for the Department of Government Efficiency, cuts a chaotic path through the government to reduce spending.
Large numbers of federal workers have been fired and reinstated, contracts have been canceled then restored and lawsuits challenging DOGE’s actions have put some initiatives on hold and allowed others to go through. Federal government contractors say they are still unclear which parts of their businesses may be on the chopping block. The administration is seeking to cut nonessential contracts from every department, according to an email the acting GSA administrator sent to all agency heads last month, a copy of which was obtained by The Washington Post.
Read more: https://www.washingtonpost.com/business/2025/03/09/doge-companies-warnings-sec-filings/
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There is no "might hurt business". It's a certainty. There are literally thousands and thousands of companies - large and small - that contract with the federal government because by golly, RAYGUN told everyone to "reduce government" and "contract out".
When Muskrat yells - "CUT THAT CONTRACT!!!1!!!11!!" I don't know who they thought these "contracts" were with. The "Libs"?
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