About 20,000 IRS employees have expressed interest in a deferred resignation offer from the Trump administration, according to CNBC. The reductions could shrink the agency’s workforce by 20% by the end of the fiscal year. The news surfaced on Tax Day, as Americans filed returns amid ongoing federal workforce reductions. Around 12,000 IRS employees have already resigned or been laid off since January. The Federal News Network cited an internal document projecting the IRS could cut up to 40% of its workforce once all reduction measures are complete. A Treasury spokesperson said the departures mirror Biden-era hiring increases and described the move as a rollback of “wasteful hiring surges” to improve efficiency.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02About 20,000 IRS employees have expressed interest in a deferred resignation offer from the Trump
00:06administration, according to CNBC. The reductions constrict the agency's workforce by 20 percent
00:12by the end of the fiscal year. The news serviced on tax day as Americans filed returns amid
00:17ongoing federal workforce reductions. Around 12,000 IRS employees have already resigned or
00:23been laid off since January. The federal news network cited an internal document projecting
00:27the IRS could cut up to 40 percent of its workforce once all reduction measures are
00:31complete. A Treasury spokesperson said the departure is Mayor Biden-era hiring increases
00:36and described the move as a rollback of wasteful hiring surges to improve efficiency.
00:41For all things money, visit Benzinga.com slash GSTV.