Booz Allen Cuts Jobs, Fiscal-Year Outlook

Booz Allen slashed its outlook for the year and trimmed its workforce further as it faces a prolonged and severe slowdown in government-contract funding, particularly in its civil sector.

- By Connor Hart

“The reacceleration of our business will take longer than we expected,” Chief Executive Horacio Rozanski said Friday. “T am disappointed in our results this quarter, and that we are lowering guidance across all key metrics.”