Washington – Small Business Administration said on Friday that it reduced more than 40% of its staff as part of the Trump administration wider effort To reduce federal bureaucracy.
According to the most recent data available, around 6,500 people, less than half of all federal work. The agency said in a statement that it “will reduce its workforce by 43%” and said that the cuts would save more than $ 435 million a year by the next fiscal year.
“Strategic reorganization will start a turnaround for the agency in the restaurant in the efficiency of the first Trump administration, as well as its emphasis on the promotion of small businesses,” said the agency. “Basic services to the public, including loan and disaster assistance assistance programs from the agency, as well as its field operations and veterans, will not be affected.”
The Senate voted to confirm the former senator Kelly Loeffler as an agency administrator in February. In a video Published at X Friday, Loeffler declared that it was time of “right of the agency”.
“From the pandemic, the SBA has doubled its workforce, expanding size, scope and expenses with miserable results,” said Loeffler in the video. “This is why the change arrives at the SBA. … This agency has been to waste millions of dollars to finance a progressive bureaucracy of the pandemic era. We will not allow poor tax management to threaten our loan programs or our criminals to draw us fraud.
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The staff are distributed in the district offices across the country. Texas has more SBA employees than any state, including the Columbia district, where the agency has its registered office.
Speaking on Friday morning at the White House, President Trump announced that the SBA would be responsible for the management of federal student loan programs one day after having signed a prescription to start Plow the Ministry of Educationwhich currently manages the programs. Experts warned That the order could put student loans in disarray and lead to frustration for millions of borrowers. Administration officials previously declared that student loan programs may be transferred to an agency such as SBA or Treasury or Trade services.
The SBA was created by an act of Congress in 1953 when Dwight D. Eisenhower was president to “help, advise, help and protect, as much as possible, the interests of small businesses”.
It offers loans to businesses that are victims of natural disasters and offers support on international business issues. The loans and subsidies supported by the agency’s federal government were a rescue buoy for small businesses and non-profit groups during the Pandemic COVID-19.
contributed to this report.
