FDIC Fires Probationary Employees as Agency Culling Proceeds (1)

The Federal Deposit Insurance Corp. terminated around 170 probationary employees in the latest cuts at a key bank regulator.

Probationary employees can be new to the federal government and still have years of experience at state regulatory agencies or in the private sector. Others can have probationary status either because they’ve either transferred from another agency or been promoted to a new position.

It appears that the bulk of the probationary employees terminated were new to federal government service, although others may have been caught up as well, according to a source familiar with the matter who was granted anonymity ...