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IBM affected by DOGE cuts, downplays impact during Q1 earnings call
Tech and consulting giant IBM was not immune to the Department of Government Efficiency’s (DOGE) cuts. IBM had 15 of its federal contracts cancelled due to DOGE-related cuts during the first quarter of 2025, according to reporting from Reuters and Bloomberg. These cuts amount to $100 million in future payments, per Bloomberg. Federal contracts represent […]
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