onlyTrustedInfo.comonlyTrustedInfo.comonlyTrustedInfo.com
Font ResizerAa
  • News
  • Finance
  • Sports
  • Life
  • Entertainment
  • Tech
Reading: Treasury Department is set to lay off a ‘substantial’ number of employees, official says
Share
onlyTrustedInfo.comonlyTrustedInfo.com
Font ResizerAa
  • News
  • Finance
  • Sports
  • Life
  • Entertainment
  • Tech
Search
  • News
  • Finance
  • Sports
  • Life
  • Entertainment
  • Tech
  • Advertise
  • Advertise
© 2025 OnlyTrustedInfo.com . All Rights Reserved.
Finance

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

Last updated: March 26, 2025 8:00 am
OnlyTrustedInfo.com
Share
3 Min Read
Treasury Department is set to lay off a ‘substantial’ number of employees, official says
SHARE

The US Treasury Department building is seen in Washington, DC.

Saul Loeb | Afp | Getty Images

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 Treasury is wrapping up plans to comply with President Donald Trump’s executive order backing DOGE’s activity. 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. “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 
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 Pro subscriber, we invite you to join us for our first exclusive, in-person 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 experts, talent and other Pro subscribers during an exciting cocktail hour on the legendary trading floor. Tickets are limited!

You Might Also Like

What’s next for Bahama Breeze? Owners say big change is coming.

Where Will Rivian Be in 10 Years?

I’m a Dollar Tree Superfan: 2 Ways To Save Money Using the Dollar Tree Rewards Program

Asian shares mostly gain after big tech rally on Wall Street

What factors do you consider when choosing a cash-back credit card for your everyday purchases?

Share This Article
Facebook X Copy Link Print
Share
Previous Article Wild horses help prevent wildfires in Spain | Wildlife News Wild horses help prevent wildfires in Spain | Wildlife News
Next Article Crashed plane’s pilot, 2 daughters survived on wing for 12 hours before being rescued from icy Alaska lake Crashed plane’s pilot, 2 daughters survived on wing for 12 hours before being rescued from icy Alaska lake

Latest News

Prince Andrew’s Legal Peril Deepens: Transatlantic Probe Targets Giuffre Family
Entertainment July 11, 2026
Sofia Vergara’s Etro Dress: The Keyhole Cutout That’s Turning Heads on Italian Streets
Entertainment July 11, 2026
Rick Springfield at 76: How the ‘Jessie’s Girl’ Icon Redefined Aging in Rock with His Viral Physique
Entertainment July 11, 2026
Prince Harry and Meghan’s Children Reunite with King Charles: A Royal Family Milestone After Years of Tension
Entertainment July 11, 2026
//
  • About Us
  • Contact US
  • Privacy Policy
onlyTrustedInfo.comonlyTrustedInfo.com
© 2026 OnlyTrustedInfo.com . All Rights Reserved.