NEW YORK (AP) – Small Business Administration said it would reduce its workforce by 43%, or approximately 2,700 jobs, as part of a reorganization.
The SBA was created in 1953 to provide resources to small businesses and helps administer small businesses and resumption loans after claim. He played a crucial role during the pandemic, helping to distribute small businesses. Now the objective is to return to the level of pre-countryic endowment and to reduce certain programs started during the Biden administration, said the new SBA chief, Kelly Loeffler.
“By eliminating non -critical positions and consolidation functions, we will return to the staff levels of the last Trump administration,” Loeffler on Friday in a statement.
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The SBA said that its loan and disaster assistance guarantee programs, as well as its field operations and veterans, will not be assigned. Staff discounts, which will lead to 2,700 jobs from the agency of 6,500, will constitute a combination of voluntary resignations, the expiration of meetings in the era of COVIDs and other provided and some job cuts.
The federal agency’s layoffs are part of a broader campaign of the Trump administration to reduce the federal workforce, an effort was led by the Ministry of Elon Musk’s government.
Separately Friday, Trump announced Student loans would be treated by SBA as part of a plan to transfer the responsibilities of the Department of Education to other Federal Agencies. The SBA did not immediately respond to a request for comments.