Booz Allen to Slash Headcount as Government Cuts Hurt Outlook

Booz Allen Hamilton Holding Corp. will cut about 7% of its almost 36,000 employees this quarter in response to the Trump administration’s move to shrink government spending.

Most of the headcount reductions will take place in the civil business, Chief Financial Officer Matt Calderonesaid on an earnings call Friday.

“We are seeing agency reorganizations, reductions in government personnel and spending levels, as well as contract reviews,” Chief Executive Officer Horacio Rozanski said on the call. “These are especially acute in civilian agencies.”

The company experienced a reduction in run rate on five of its large civil technology projects ...