International consulting firm Accenture has expressed concerns that Elon Musk’s cost-cutting measures, which include implementing a spending crackdown led by his electric car company Tesla (Doge), are negatively impacting revenue growth.
According to reports, the Doge-led efforts have resulted in reduced spending on various areas, including research and development. This could potentially lead to decreased innovation and a slowdown in the pace of technological advancements.
Source: https://www.ft.com/content/9fadd805-e572-4d36-a5df-0e142a3c6e78