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Some of the biggest U.S. consulting firms have offered billions in additional cuts to their contracts after the Trump administration told them that they needed to come up with deeper price concessions, or face consequences. The Wall Street Journal reports that seven of the 10 largest consulting firms to the government, including Accenture, Booz Allen, Deloitte, and IBM, have now offered up to $20bn in savings by proposing to either terminate existing contracts or reduce the scope of their work within federal agencies. Some are proposing to offer credits toward their work, or artificial intelligence services free of charge. The Trump administration has been cracking down on the consulting industry more broadly, with the Department of Government Efficiency regularly announcing new cancellations of consulting contracts. The Department of Defense earlier this month also said it planned to cut $5.1bn in consulting contracts.
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