The government efficiency unit backed by Elon Musk is turning its attention to the SEC as the Trump administration purges federal workers and revamps agencies’ priorities.
Hundreds of the Securities and Exchange Commission’s 5,000 employees may quickly face termination, if the SEC follows the Department of Government Efficiency playbook and dismisses recent hires, who have fewer job protections than longer-time employees. The Consumer Financial Protection Bureau and Federal Deposit Insurance Corp. have fired more than 200 new employees combined and are planning more layoffs, as Musk and President Donald Trump push to shrink government.
Trump and Musk haven’t signaled an ...
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