US Defense Secretary Pete Hegseth terminated several IT and consulting contracts with firms like Accenture and Deloitte, citing "wasteful spending." The move, influenced by the Department of Government of Efficiency (DOGE), will save an estimated $4 billion. Hegseth stated the savings will fund "critical priorities" such as improving healthcare for service members. Contracts for non-essential services, including DEI and climate initiatives, were also terminated. The total amount of cuts announced is approximately $5.1 billion.

Prepared by Christopher Adams and reviewed by editorial team.