BTC $81,112.53 -4.12%
ETH $2,376.35 -5.56%
BNB $727.74 -2.99%
XRP $1.31 -5.18%
SOL $103.80 -4.46%
TRX $0.3281 -1.42%
DOGE $0.0784 -5.92%
ADA $0.2124 -7.18%
BCH $273.88 -4.70%
LINK $11.90 -6.52%
HYPE $77.22 -5.19%
AAVE $145.50 -8.83%
SUI $0.9766 -6.91%
XLM $0.1757 -5.29%
ZEC $1,205.32 -11.53%
AAPL $346.54 +0.47%
AMZN $251.11 -4.99%
GOOGL $326.49 -2.48%
MSFT $524.35 -1.60%
META $648.91 -8.41%
NVDA $213.19 -3.90%
TSLA $378.96 -1.96%
SNDK $1,259.42 -9.34%
INTC $86.68 -6.46%
SPCX $147.00 -7.48%
MU $866.55 -5.61%
AMD $512.85 -7.45%
BTC $81,112.53 -4.12%
ETH $2,376.35 -5.56%
BNB $727.74 -2.99%
XRP $1.31 -5.18%
SOL $103.80 -4.46%
TRX $0.3281 -1.42%
DOGE $0.0784 -5.92%
ADA $0.2124 -7.18%
BCH $273.88 -4.70%
LINK $11.90 -6.52%
HYPE $77.22 -5.19%
AAVE $145.50 -8.83%
SUI $0.9766 -6.91%
XLM $0.1757 -5.29%
ZEC $1,205.32 -11.53%
AAPL $346.54 +0.47%
AMZN $251.11 -4.99%
GOOGL $326.49 -2.48%
MSFT $524.35 -1.60%
META $648.91 -8.41%
NVDA $213.19 -3.90%
TSLA $378.96 -1.96%
SNDK $1,259.42 -9.34%
INTC $86.68 -6.46%
SPCX $147.00 -7.48%
MU $866.55 -5.61%
AMD $512.85 -7.45%

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.

app_icon
ChainCatcher Building the Web3 world with innovations.