Social Security Contractors Cut Off as DOGE Targets Agency
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The Social Security Administration has cut half of its outsourced information technology spending, slashing expenditures for private-sector contractors as part of an effort to keep full-time staff employed, the agency’s acting commissioner told employees Wednesday.
In the crosshairs of budget cuts are contractors Leidos Holdings Inc., which held $316 million in contracts with the agency in fiscal year 2024, and IT Concepts, which had another $98 million, according to historical spending data from Bloomberg Government.