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Home » Treasury Department plans to cut thousands of employees
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Treasury Department plans to cut thousands of employees

March 26, 2025No Comments2 Mins Read
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In a recent court filing, the Treasury’s Deputy Assistant Secretary Trevor Norris reveals plans to comply with President Donald Trump’s executive order

A court filing surfaced by Bloomberg Law on Tuesday revealed that the Treasury’s Deputy Assistant Secretary Trevor Norris stated that the department is finalizing plans to comply with President Donald Trump’s executive order calling for the implementation of Musk’s workforce reduction.

Norris notes that the plans will be tailored to each bureau and “in many cases will require separations of substantial numbers of employees.” The “reductions in workforce” are based on seniority and will affect probationary employees more than others. The Treasury, with over 100,000 employees, is facing significant changes in its workforce.

The filing is part of the State of Maryland’s lawsuit against the Department of Agriculture, which resulted in a temporary restraining order on the Trump administration’s firing of probationary employees across the federal government.

It includes an update on each department’s reinstatement of probationary employees who were fired as part of Musk’s effort.

Norris reported that out of the 7,611 probationary employees that were fired within the Treasury, all but 51 had been reinstated as of Tuesday. The 51 who did not return did so voluntarily.

Lori Michalski, the Chief Human Capital Officer for the U.S. Department of Housing and Urban Development (HUD), mentioned that 312 probationary employees were initially fired, with 13 now reinstated, eight declining reinstatement, and 296 in the process of being reinstated after HUD initiated the process.

Adam Martinez, the acting Chief Human Capital Officer at the Consumer Financial Protection Bureau (CFPB), stated that CFPB fired 117 probationary employees, with two already accepting outside employment. The remaining employees are currently in the process of being reinstated.

See also  Bond forecast: Pros see 10-year Treasury yield dipping to 3.5% a year from now

This lawsuit is part of a growing number of legal actions against the Trump administration over Musk’s efforts to reduce staff and cancel funding for various departments and grants across the federal government.

Cut Department Employees Plans thousands Treasury
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