Accenture warns of contract delays, cancellations amid US spending cuts

Consultancy firm Accenture said on Thursday the Trump administration’s efforts to reduce federal spending have led to delays and cancellations of new contracts, sending the company’s shares down more than 6 per cent.

The new US administration and its Department of Government Efficiency (DOGE), led by billionaire Elon Musk, have been implementing measures to slash spending and reduce the size of the federal workforce.