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The Small Business Administration has announced that it would reduce approximately 2,700 jobs, which represents around 43% of its workforce, as part of a restructuring of the agency.
The SBA, which was created in 1953 to provide resources to small businesses and help administer loans to small businesses and disasters, said in a statement that workmanship Out of 6,500 people were part of the efforts to return to the pre-countryic endowment levels, after the agency played a key role during the pandemic to help distribute small businesses.
Kelly Loeffler, who directs the SBA, said on Friday that the agency focuses on “the end of the vast social policy program of the previous administration, the elimination of non-essential roles and the return to pre-pale endowment levels”.
The Small Business Administration has announced that it would reduce approximately 2,700 jobs. (Anna Moneymaker / Getty Images / Getty Images)
“By eliminating non -critical positions and consolidation functions, we will come back to the staff levels of the last Trump administration,” Loeffler said in a statement.
The SBA said that its loan and disasters assistance guarantee programs, as well as its field operations and veterans, will remain unaffected. THE personnel discounts will include voluntary resignations, the expiration of meetings in the era of COVIDs and in other words and some job cuts.
“Today, SBA has announced a reduction in the 43%labor, from the agency right to its pre-countryic endowment levels,” wrote Loeffler Friday on X. “We end unnecessary expenses, mismanagement and the partisan agenda of the Biden administrator. Like the small businesses we serve, we will do more!”
Kelly Loeffler, administrator of Small Business Administration of the United States (SBA), during a joint session of the congress in the Chamber of the Chamber of the American Capitol in Washington, DC, United States, Tuesday, March 4, 2025. (Getty Images)
This occurs while the Trump administration seeks to reduce the size of the federal workforce, an effort led by the Ministry of Elon Musk, or DOGE.
President Donald Trump Announced separately on Friday that the SBA would assume more responsibilities, saying that the agency would take care of student loans within the framework of a plan aimed at keeping the responsibilities of the Ministry of Education, which the president pushes to close.
Trump chief SBA unveils a new initiative “ made in America ”
The administrator of the Small Business Administration Kelly Loeffler, speaks to Vantage Plastics in Bay City, Michigan, March 14, 2025. (Getty Images)
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The SBA “is ready to work with the congress and the administration to bring responsibility to the American student loan program”, “Loeffler replied on X.
“As the greater guarantor of the government of commercial loans, the SBA is ready to deploy its resources and its expertise on behalf of American taxpayers and students,” she continued.
Reuters contributed to this report.