Federal Reserve to Slash Staff in Massive Cost-Cutting Efficiency Drive
Friday, May 16, 2025, 3:20 pm
The central bank is set to trim its workforce by about 10% over the coming years, as reports reveal sweeping efforts to streamline operations and boost efficiency. With tightening fiscal pressures and evolving banking policies, the move is viewed as a no-nonsense attempt to recalibrate internal structures.
Federal Reserve to slash staff by 10% over several years Financial Times
Federal Reserve Plans to Shrink Staff: Where Could Cuts Come From? Bloomberg.com
permalink / 2 stories from sources in 7 hours ago #banking #government #business #economy
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