Massive Treasury Department Layoffs Signal Deep Federal Job Cuts
Major layoffs at the U.S. Treasury Department signal broader federal workforce reductions under Trump’s second administration. Thousands of employees, particularly new hires, face job cuts as agencies like the IRS, Department of Defense, and Department of Agriculture implement downsizing measures. These cuts could impact tax enforcement, financial markets, and government services, with projected federal revenue losses reaching $500 billion over the next decade. Union pushback and economic concerns add further uncertainty to the administration’s aggressive cost-cutting strategy.


