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 (4)
- 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)
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