Elon Musk’s Department of Government Efficiency (DOGE) has canceled 15 federal contracts with IBM, totaling approximately $100 million. This move, part of DOGE’s cost-cutting efforts, has led to a slight decline in IBM’s consulting revenue. While IBM downplays the overall impact, the cancellations signal increased scrutiny on federal spending and the challenges for contractors. Elon Musk’s Department of Government Efficiency (DOGE) has canceled 15 federal contracts with IBM, totaling approximately $100 million. This move, part of DOGE’s cost-cutting efforts, has led to a slight decline in IBM’s consulting revenue. While IBM downplays the overall impact, the cancellations signal increased scrutiny on federal spending and the challenges for contractors.
