Overview
- FHFA Director Bill Pulte announced the reductions on X, describing them as standard business layoffs focused on positions deemed noncore.
- The cuts span the chief operating officer’s office, information technology, diversity teams and other areas, affecting 62 employees.
- Pulte has emphasized eliminating DEI roles and cited concerns about waste and unclear staff duties in explaining the decision.
- Leadership changes remain in effect, with Peter Akwaboah serving as acting CEO and John Roscoe and Brandon Hamara appointed as co-presidents.
- The Wall Street Journal reported unconfirmed cuts to ethics roles, and the streamlining comes as policymakers discuss a potential public share offering and as FHFA outlines a 2026–2030 plan that scales back DEI priorities.