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Big Consulting Bosses Meet With Trump Officials to Save Contracts

Harrison BrooksSunday, Mar 2, 2025 4:06 pm ET
2min read

In an effort to maintain their lucrative government contracts, top executives from major consulting firms have been engaging with Trump administration officials, according to sources familiar with the matter. The consulting industry, which includes giants like Deloitte, McKinsey, and accenture, has been grappling with the Trump administration's stance against diversity, equity, and inclusion (DEI) initiatives, leading to concerns about potential revenue loss.



Deloitte, one of the Big Four accounting firms and the largest accounting and business consulting firm in the world, has informed its staff that it is ending its diversity, equity, and inclusion programs. The move comes as the new Trump administration is taking a stand against these initiatives, which are common in many private and public sector organizations. Although Deloitte is headquartered in London, it has a significant presence in the U.S., employing 170,000 staff across 136 offices. The firm reported $67.2 billion in revenue in 2024 and had about $3 billion in contracts with the U.S. government in 2024, including the departments of Defense, Treasury, and Homeland Security.

Businesses contracting with the federal government may risk those revenues if they disregard the administration’s dei concerns. In response to this, Deloitte has directed its staff in the Government & Public Services division to no longer include pronouns in their email signatures, aligning with emerging government client practices and requirements. The firm has also sunset its workforce and business aspirational diversity goals, its Diversity, Equity and Inclusion (DEI) Transparency Report, and its DEI programming.

The memo, which was distributed by email to staff last week, was obtained by the San Francisco Standard. It stated, "We will sunset our workforce and business aspirational diversity goals, our Diversity, Equity and Inclusion (DEI) Transparency Report, and our DEI programming." The email also mentioned that these changes were initiated after a detailed review of all pertinent government directives to ensure compliance with their requirements, both as a private enterprise and as a government contractor.

The Trump administration's focus on cost-cutting and reducing waste in government spending has led to concerns among consulting firms about potential revenue loss. By aligning their practices with the administration's priorities, these firms aim to maintain their contracts and avoid any potential harm to their businesses. However, the decision to end DEI programs has faced backlash from employees and external stakeholders, raising questions about the firms' commitment to diversity and inclusion.

As the Trump administration continues to take executive actions, consulting firms will likely need to navigate the changing political landscape and adapt their strategies to maintain their contracts with the federal government. The outcome of these efforts will have significant implications for the consulting industry and the broader business community.
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Jera_Value
03/02
DEI initiatives might be sunsetted, but the spotlight on these issues isn't fading. How will firms regain trust?
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Mr_Biddz
03/02
@Jera_Value Trust takes time to rebuild. Firms gotta be real about their DEI efforts and show real change.
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HairyBallsOfTheGods
03/02
My strategy? Diversify beyond gov contracts. $AAPL and $TSLA show how to adapt and thrive despite political winds.
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Silver-Feeling6281
03/02
@HairyBallsOfTheGods I had $AAPL, sold too early, kicking myself now. FOMO hitting hard seeing its rise.
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tostitostiesto
03/02
@HairyBallsOfTheGods How long you holding $AAPL and $TSLA? Any top picks I should look into?
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Jera_Value
03/02
Deloitte ditching DEI might save contracts, but it's a PR nightmare. Long-term, how will this affect their reputation and client trust?
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grailly
03/02
DEI programs dead. What's next for inclusivity?
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joethemaker22
03/02
@grailly DEI done, what's next?
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rbrar33
03/03
@grailly Yeah, DEI's toast.
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Certain-Dragonfly-22
03/02
Holding $AAPL, avoiding $DLT till dust settles.
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alvisanovari
03/02
@Certain-Dragonfly-22 How long you been holding $AAPL? Any plans to adjust your position?
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greyenlightenment
03/02
Accenture and McKinsey feeling the heat too. Wonder if they'll follow Deloitte's lead or stay diverse and inclusive.
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portrayaloflife
03/02
Ending DEI programs might cut costs, but it's a risk. Will these firms sacrifice values for short-term gains?
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OG_Time_To_Kill
03/02
Consulting firms walking a tightrope between Trump's rules and public expectations. One misstep could mean big losses.
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lookingforfinaltix
03/02
@OG_Time_To_Kill True, one wrong move and they could lose big.
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urfaselol
03/02
DEI initiatives might be on life support, but diversity in the workforce still brings value. Firms should find a balance.
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superbilliam
03/02
Deloitte's move feels like a cost-benefit analysis gone wrong. Losing contracts over DEI might hurt more than helping.
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shrinkshooter
03/02
Gov clients want compliance, but will Deloitte's moves boost or hurt their relationships in the long run? 🤔
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raool309
03/02
@shrinkshooter Might boost short term, but long term?
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McLovin-06_03_81
03/02
@shrinkshooter Not sure, Deloitte's move could backfire if clients feel it's just about compliance rather than genuine commitment to DEI.
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NavyGuyvet
03/02
Consultants dancing on the DEI tightrope—lose the contract, lose the revenue. Risky business in this political climate.
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Bossie81
03/02
@NavyGuyvet What's the impact on their stock?
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LufaMaster
03/03
@NavyGuyvet True, politics can shake firms.
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FluidMarzipan1444
03/02
The consulting industry needs to be ready to pivot. Adapt to the new admin policies or risk getting left behind.
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foo-bar-nlogn-100
03/03
@FluidMarzipan1444 True, pivoting's key.
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Golden Harmon
03/02

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MyNi_Redux
03/02
@Golden Harmon 👌
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Mr_Biddz
03/02
Trump admin's DEI stance is like a bear market for consulting firms' social initiatives. Time to hedge or double down?
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