FDIC Hunts Extra 20% Staff Cut as DOGE Descends on Agency (1)

The Federal Deposit Insurance Corp. is looking for ways to cut staffing by as much as an additional 20% as part of Elon Musk’s DOGE cost-cutting, according to people familiar with the matter.

The Department of Government Efficiency has echoed President Donald Trump’s demands that the plan be submitted by Monday to the White House’s Office of Management and Budget, said some of the people, who asked not to be identified discussing nonpublic information. The FDIC already has lost hundreds of employees — or about 8% of its workforce — under the Trump administration’s deferred resignation program, they said. ...