Hard on the heels of Carillion's demise came the latest shock in the outsourcing industry as Capita issued a profit warning on Thursday, causing its shares to drop 40%.
Two months into his tenure as chief executive Jonathan Lewis announced plans to restructure the group - a costly process that would require the raising of £700m from shareholders through a rights issue.
While trading in 2017 had been in line with forecasts, the company said it expected 2018 underlying pre-tax profits to be lower at around £270m-£300m.
The company said there would likely be a "significant negative impact" from contract and volume attrition, one-off items and increases in costs.
Lewis announced that significant change would be required as Capita was "too widely spread" across too many markets, leaving it unable to gain a competitive advantage in all its businesses.
He added there had been too much emphasis on acquisitions to drive growth, suggesting disposals would be a core focus of the "transformation programme".
"An immediate priority is to strengthen the balance sheet through a combination of cost savings, non-core disposals and new equity," Lewis added. He also announced the suspension of dividend payments.
Capita's problems were brought into sharper focus by the recent demise of Carillion, a former rival in the outsourcing industry.
Delays in the awarding of government contracts, cost overruns and poor management have been among the reasons suggested for Carillion's liquidation, and it didn't take much reading between the lines to see that Lewis was suggesting similar faults at Capita.