Friday, 5 Jun 2026
Hot News
1 Big Reason to Sell Meta Platforms Stock Above $650
Arizona Sports Betting: Best AZ Sportsbook Promos & Apps
US artist sues FIFA over destruction of Dallas whale mural for World Cup | Football News
Democrat Who Worked with Al-Qaeda-Linked Group Wins NJ Primary
2 ETFs Paying Reliable Dividends in an Uncertain Market
Get Fast News Updates – Stay Ahead with USA Blogger
  • Home
  • Business
    • Realtor
    • CEO
    • Founder
    • Entrepreneur
    • Journalist
  • Health
    • Doctor
    • Beauty cosmetics
    • Plastic Surgeon
  • Entertainment
  • Sports
    • Coach
    • Athlete
    • Fitness trainer
  • Life Style
  • 🔥
  • USA News
  • International News
  • Politics News
  • Cryptocurrency
  • Technology
  • Travel
Font ResizerAa
Get Fast News Updates – Stay Ahead with USA BloggerGet Fast News Updates – Stay Ahead with USA Blogger
  • Home
  • USA
  • International
  • Business
  • Crypto
  • Economy
  • Entertainment
  • Health
  • Life Style
  • Politics
  • SocialMedia
  • Sports
  • Technology
  • Travel
Search
  • Home
  • USA
  • International
  • Business
    • Realtor
    • CEO
    • Founder
    • Entrepreneur
    • Journalist
  • Crypto
  • Economy
  • Entertainment
  • Health
    • Doctor
    • Plastic Surgeon
    • Beauty cosmetics
  • Life Style
  • Politics
  • SocialMedia
  • Sports
    • Athlete
    • Coach
    • Fitness trainer
  • Technology
  • Travel
Follow US
©2025 USA Bloger . All Rights Reserved.
Get Fast News Updates – Stay Ahead with USA Blogger > Blog > Business > Treasury Department is set to lay off a ‘substantial’ number of employees, official says
BusinessEconomy

Treasury Department is set to lay off a ‘substantial’ number of employees, official says

Robert Adams
Robert Adams
Share
SHARE

The Treasury Department is planning to furlough a “substantial” level of its workforce in conjunction with Elon Musk’s efforts to shrink the size of the federal government, according to a court document.

As part of a complaint in a related case, Trevor Norris, the department’s deputy assistant secretary in human resources, indicated that the layoffs will be coming as part of the Department of Government Efficiency’s ongoing moves to cut the federal employee rolls.

In a sworn statement, Norris said the Treasury is wrapping up plans to comply with President Donald Trump’s executive order backing DOGE’s activity. The Treasury currently has more than 100,000 employees.

“These plans will be tailored for each bureau, and in many cases will require separations of substantial numbers of employees through reductions in force (RIFs),” Norris said in an affidavit.

The case involves a complaint by the state of Maryland to get a stay on the layoffs. In recent days, three judges have issued restraining orders putting temporary halts on DOGE’s efforts to hit several departments.

“The Treasury Department is considering a number of measures to increase efficiency, including a rollback of wasteful Biden-era hiring surges, and consolidation of critical support functions to improve both efficiency and quality of service,” a Treasury spokesperson said in a statement. “No final decisions have yet been made, and any current reporting to the contrary is false.”

Bloomberg News first reported the planned layoffs.

Get Your Ticket to Pro LIVE
Join us at the New York Stock Exchange!
Uncertain markets? Gain an edge with CNBC Pro LIVE, an exclusive, inaugural event at the historic New York Stock Exchange.

In today’s dynamic financial landscape, access to expert insights is paramount. As a CNBC Pro subscriber, we invite you to join us for our first exclusive, in-person CNBC Pro LIVE event at the iconic NYSE on Thursday, June 12.

Join interactive Pro clinics led by our Pros Carter Worth, Dan Niles and Dan Ives, with a special edition of Pro Talks with Tom Lee. You’ll also get the opportunity to network with CNBC experts, talent and other Pro subscribers during an exciting cocktail hour on the legendary trading floor.

You Might Also Like

Protests in Paris against Islamophobia after mosque stabbing | Islamophobia

UVision equips combat helicopters with suicide drones

Treasury empties reserves to finance Iran operation

Duty free store opens as Haifa airport tries to take off

China’s Huawei develops new AI chip to compete with US’s Nvidia: Report | Technology News

Share This Article
Email Copy Link Print
Previous Article Global Program For Faster Entry into the US Widened to Australia
Next Article Protesters return to Istanbul’s streets for huge rally

Your Trusted Source for Accurate and Timely Updates!

Our commitment to accuracy, impartiality, and delivering breaking news as it happens has earned us the trust of a vast audience. Stay ahead with real-time updates on the latest events, trends.
FacebookLike
InstagramFollow

Popular Posts

Top Wall Street analysts pick these stocks for robust growth potential

Ticker seen at Charles Schwab's headquarters located at 211 Main St. Seen on Monday, November…

By
Nora Sutton

Trump tariffs: Silicon Valley’s bet on Trump isn’t paying off

Last year, a coterie of tech billionaires rallied behind Donald Trump’s candidacy. Many had not…

By
Sophia Harris

Ultimate Guide to AI Voice Recognition

Introduction What is the voice recognition of AI? AI's voice recognition is a technology that…

By
Sophia Harris

You Might Also Like

Business

Ultra-rapid EV chargers on their way to Israel

By
Robert Adams
Business

Texas Capital (TCBI) Q1 2026 Earnings Transcript

By
Robert Adams
Business

BoI wants banks to operate fraud helpdesks 24/7

By
Robert Adams
Business

Warren Buffett’s Berkshire Just Bought Alphabet Stock—Why Investors Would Be Wise to Follow

By
Robert Adams
Get Fast News Updates – Stay Ahead with USA Blogger
USA
  • International
  • Politics
  • Crypto
  • Technology
  • Travel
  • Entertainment
Business
  • CEO
  • Entrepreneur
  • Founder
  • Journalist
Health
  • Doctor
  • Plastic Surgeon
  • Beauty cosmetics
  • Life Style
Sports
  • Athlete
  • Coach
  • Fitness trainer

 © 2017-2026 USA Bloger. All Rights Reserved.

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?