US SEC's new chief says 15% of staff have left, contract cuts to come
The Trump administration has rapidly transformed the Securities and Exchange Commission through targeted staff reductions, with approximately 15% of staff already departed and plans for further contract cuts. The administration has implemented a $50,000 voluntary separation offer and imposed a hiring freeze, dramatically reducing the agency’s workforce and potentially compromising its regulatory oversight capabilities.
Key Actors
Sources (10)
- US SEC's new chief says 15% of staff have left, contract cuts to come, sources say (2025-05-06)
- Shadow SEC Statement No. 2: The Crisis Deepens as SEC Staff and Budget Cuts Are Directed (2025-03-13)
- SEC to see exodus as hundreds take Trump's buyout offers (2025-03-21)
- The Changing Tides of the SEC Under the Second Trump Administration (2025-03-03)
- SpaceX gets FAA permission for fivefold increase in Starship launches from Texas (2025-05-06)
- FAA OKs up to 25 SpaceX launches at Boca Chica Beach per year (2025-05-07)
- Draft Tiered Environmental Assessment for Updates to Airspace Closures (2025-09-19)
- Trump is hosting a dinner for the biggest buyers of his memecoin. The guest list is now set—and many of the winners are foreign nationals (2025-05-12)
- Trump is hosting a meme coin dinner likely to include mostly non-Americans (2025-05-18)
- Ranking Member Raskin Demands White House Disclose Trump's Crypto Dinner Guest List (2025-05-16)
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