Oracle is reportedly among wave of tech giants hit by DOGE cuts, as defense secretary balks at ‘throwing more good taxpayer money after bad’

Pete Hegseth, standing in front of a line of American flags, speaks and gestures broadly with both hands. (Credit: Daniel Ceng/Anadolu—Getty Images)

• Oracle, the software behemoth, is reportedly among a group of tech companies whose contracts with the Department of Defense have been cut as a result of the Trump administration’s mass spending and workforce reductions. Tech firm Accenture, which also had a government contract terminated, warned earlier this month of the negative financial repercussions of the contract loss.

Oracle is one of the latest tech giants to be impacted by sweeping cuts to government contracts.