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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.
They understand the impact, they just don't care. These are unprecedented actions by the government. Not good.
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.
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
Government audits should be fine for now.