FDIC Workforce Cuts Won’t Detract From Agency Mission, Hill Says

The Federal Deposit Insurance Corp. will have 1,300 fewer employees in 2026, including plans to shed nearly 330 bank compliance and risk examiners, though it remains focused on its “core” mission, the banking regulator’s Trump-backed acting chief said.

The staff cuts, nearing 20% overall compared with levels authorized for 2025, will make the agency more efficient at “supervising banks, insuring deposits, and resolving failed institutions,” acting FDIC Chairman Travis Hill said at a Tuesday open meeting.

“The FDIC identified areas where headcount could be reduced without sacrificing our ability to fulfill our core responsibilities,” he said.

The FDIC’s board voted ...