Oracle, Leidos Contract Targeted by US Pentagon Cost-Cutters

(Bloomberg) — The US Department of Defense said it will terminate a plan to use Oracle Corp. software to manage its civilian workforce as part of the Pentagon’s cost-cutting efforts.

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“This program was intended to streamline a significant portion of the department’s legacy human resources information technology stack — an important mission we still need to achieve,” Defense Secretary Pete Hegseth said in a memo released last week. More spending on…