The US Bank Regulator is postponing plans for reducing 20% ​​staff, says e -mails say

* FDIC plans to reduce the workforce by 20% * initiatives include early retirement and resignation incentives * dismissal could occur if voluntary exit insufficient by Pete Schroeder Washington, April 21 (Reuters) – a top US banking regulator told staff on Monday that he intended to cut the Federal Workforce. The Federal Deposit Insurance Corporation told staff in ‘NE -mail that they intend to start several initiatives aimed at reducing the workforce, including early retirement, incentives to resign, and eventually discharged, if necessary. The goal is to reduce staff by about 1.250 people, according to a copy of the email that Reuters saw. According to the most recent annual report, the agency is authorized for nearly 6.900 employees in 2025. The effort reflects similar movements to other government agencies, as President Donald Trump, along with the billionaire Elon Musk’s government efficiency, is drastically shrinking. The FDIC has already seen hundreds of employees agree to resign as part of a government -wide buyout offer, and the agency will provide subsequent opportunities for staff to step early or take incentives to resign. However, in the email, it is stipulated that the FDIC offers may reject to go out of some employees, including workers who fail and help resolve failed banks or to keep sensitive banking information safe. According to the email, the agency will pursue more involuntary dismissal if necessary, at some point after May 13. (Reporting by Pete Schroeder; Editing by Sandra Maler) first published: 22 Apr 2025, 01:27 am Ist