How screwed are the federal contractors at big four firms like Deloitte, KPMG, etc., with cancelled contracts?

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A former colleague of mine lost his job ten days ago, his employer, a private company, was a contractor for USAID. That to me was the canary in the coalmine. I don't think the media or the public really has any understanding of the domino effects and how profound this will be throughout society and the economy at large.

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They understand the impact, they just don't care. These are unprecedented actions by the government. Not good.

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I’m really sorry to hear. While I get the budget deficits issue, govcon / federal employees are so immaterial to this problem. The rhetoric around what should be simply business decisions is also extremely disappointing.

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I’m a manager in KPMGs consulting group and focus on government work. It’s not looking too good, and there’s talk amongst the partner group that we may wind up with layoffs

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Government audits should be fine for now.

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