Booz Allen Cuts Jobs, Fiscal-Year Outlook as Government Funding Stalls
Yahoo Finance·2025-10-25 00:33
Booz Allen faces a prolonged and severe slowdown in government-contract funding. - Jason C. Andrew/Bloomberg News Booz Allen slashed its outlook for the year and trimmed its workforce further as it faces a prolonged and severe slowdown in government-contract funding, particularly in its civil sector. “The reacceleration of our business will take longer than we expected,” Chief Executive Horacio Rozanski said Friday on a call with analysts. “I am disappointed in our results this quarter, and that we are l ...