Pentagon Cancels $280M Over-Budget HR Project — Oracle and Leidos Left Reeling

The Pentagon just pulled the plug on a major HR tech overhauland it’s bad news for Oracle (NYSE:ORCL) and Leidos (NYSE:LDOS). What was supposed to be a $75 million game-changing system for managing 900,000 civilian employees turned into a six-year headache, running $280 million over budget. Defense Secretary Pete Hegseth called it out bluntly: pouring more money into the program would be a waste. Oracle’s role in the project was never officially disclosed, but contract records confirmed…