Gartner Extends Drop as Hegseth Looks to Cancel Some Contracts

Gartner shares fall as much as 6.4% after Secretary of Defense Pete Hegseth signed a memo directing termination of over $580 million in DoD contracts and grants that are “not a good use of taxpayer dollars.”

• Some Gartner and McKinsey & Co. contracts are among those being canceled
• Total DOGE-related cuts are now $800 million to date
• See more details here

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Janet Freund in New York at jfreund11@bloomberg.net

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Matt Turner at mturner107@bloomberg.net

Philip Sanders

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