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Treasury Department Finalizes Plans for Major Workforce Reductions

Sweeping layoffs across federal agencies continue under Trump's executive order, with legal challenges and operational concerns mounting.

The US Treasury Department building is seen in Washington, DC on January 19, 2023.
Tesla CEO Elon Musk, Co-Chair of the newly announced Department of Government Efficiency (DOGE), arrives on Capitol Hill on December 05, 2024 in Washington, DC.
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Overview

  • The U.S. Treasury Department is preparing for significant layoffs, following President Trump's February 11 directive for large-scale workforce reductions.
  • Reductions in force (RIFs) will disproportionately impact reinstated probationary employees due to seniority-based criteria, as confirmed by Treasury officials.
  • Federal judges have temporarily reinstated thousands of terminated probationary employees, though broader layoffs across agencies are moving forward.
  • DOGE claims $115 billion in savings from federal workforce cuts, though independent analysis verifies only $8.6 billion in measurable reductions.
  • Key agencies, including the EPA, IRS, VA, and Pentagon, are implementing or planning substantial job cuts, raising concerns about impacts on essential services and governance.