A key federal banking regulator will have 1,330 fewer employees through buyouts, other departures, and electing not to fill vacancies, people familiar with the matter said.
The Federal Deposit Insurance Corp. previously intended to eliminate more than 1,200 positions, or around 18% of agency personnel, under the Trump administration’s plan to slash the federal workforce. The final number for 2025 will be slightly higher, according to the people who requested anonymity to discuss internal FDIC matters.
The FDIC declined to comment.
The FDIC’s original 2025 budget, before the cuts, projected a permanent staff of around 6,500 people, plus nearly 350 ...
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