The company, which makes most of its money from government-related work, expects to trim 7% of its workforce. Shares fell 16.5%

Booz Allen Hamilton Holding Corp. will cut about 7% of its almost 36,000 employees this quarter in response to the Trump administration’s move to shrink government spending.

Booz Allen has been among the firms hardest hit by the Trump administration’s determination to slash government spending, and the cancellation of contracts deemed wasteful by Elon Musk’s so-called Department of Government Efficiency (Doge).