Overview

• The Small Business Administration (SBA) is cutting approximately 2,700 jobs, representing 43% of its workforce, as part of a reorganization effort.
• The reductions will be achieved through voluntary resignations, the expiration of term appointments, and a limited number of layoffs.
• SBA Administrator Kelly Loeffler criticized the agency's expansion under the Biden administration, citing financial mismanagement and waste.
• Key SBA programs, including loan guarantees and disaster assistance, will remain operational and unaffected by the staffing reductions.
• This reorganization is part of a broader federal workforce reduction initiative led by Elon Musk's Department of Government Efficiency.