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HYPE $56.53 -1.60%
AAVE $86.51 -2.67%
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XLM $0.1585 -1.60%
ZEC $487.23 -1.36%

The U.S. government's efficiency department recommends cutting nearly 20% of the IRS workforce

2025-03-14 07:55:21

ChainCatcher news, according to CNN, the government efficiency department led by Musk has proposed a significant reduction in the size of the IRS, aiming to cut nearly 20% of its workforce by May 15 (one month after the U.S. tax day). President Trump has ordered federal agencies to submit "massive" layoff plans by local time Thursday.

According to a source familiar with the matter, the details of the IRS proposal have been shared in an email from the government efficiency department and will be discussed at a leadership meeting on Thursday morning. The latest round of layoffs will dismiss nearly 6,800 employees, in addition to about 6,700 already laid-off probationary employees and 4,700 employees who accepted the Trump administration's voluntary buyout program.

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