In Elon Musk’s effort to shrink the size and costs of the treasury department, a significant amount of the workforce will be a part of a furlough. Currently, the treasury department has around 100,000 employees. A member of the department claims this is an attempt to eliminate the wasteful biden-era surge of hires within the department. The administration is attempting this through reductions in force (RIMs), or restructure of the company in attempts to reduce costs.
I find this arctic to be very interesting as Musk is reported to be stepping down from his position in DOGE by the end of May. It almost appears as if he is trying to do whatever he can to please Trump before ultimately quitting. A furlough will have a large impact on the treasury department employees. I do not think that decisions made by someone stepping down in the coming months should be validated, but I do not anticipate that to occur. Will the efficiency of the treasury department decline? It will be very intriguing to keep an eye on this impact.
https://www.cnbc.com/2025/03/26/treasury-department-is-set-to-lay-off-a-substantial-number-of-employees-official-says.html
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