Factbox-How hard have US agencies been bit by Trump and Musk's layoffs?

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Factbox-How hard have US agencies been bit by Trump and Musk's layoffs?

//business-finance.news-articles.net/content/202 .. encies-been-bit-by-trump-and-musk-s-layoffs.html

Published in Business and Finance on Sunday, February 16th 2025 at 14:21 GMT by MSN

🞛 This publication is a summary or evaluation of another publication
🞛 This publication contains editorial commentary or bias from the source
🞛 This publication contains potentially derogatory content such as foul language or violent themes

The article from MSN discusses the impact of layoffs initiated by former President Donald Trump and Elon Musk on U.S. government agencies and companies. Trump, during his presidency, significantly reduced the workforce in various federal agencies, with the Environmental Protection Agency (EPA) experiencing a 21% staff cut, and the Department of State seeing a 12% reduction. These cuts were part of Trump's broader initiative to shrink government size. Similarly, Elon Musk, after acquiring Twitter (now known as X Corp) in 2022, drastically reduced the company's workforce by about 80%, from 8,000 to around 1,300 employees, aiming to streamline operations and cut costs. This approach has led to concerns about the capacity of these organizations to fulfill their mandates effectively, with critics arguing that such deep cuts could compromise regulatory oversight, environmental protection, and the operational efficiency of the affected entities.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/companies/factbox-how-hard-have-us-agencies-been-bit-by-trump-and-musk-s-layoffs/ar-AA1za5TZ ]