00:00It's Benzinga bringing Wall Street to Main Street.
00:02About 20,000 IRS employees have expressed interest in a deferred resignation offer from the Trump
00:06administration, according to CNBC. The reductions constrict the agency's workforce by 20 percent
00:12by the end of the fiscal year. The news serviced on tax day as Americans filed returns amid
00:17ongoing federal workforce reductions. Around 12,000 IRS employees have already resigned or
00:23been laid off since January. The federal news network cited an internal document projecting
00:27the IRS could cut up to 40 percent of its workforce once all reduction measures are
00:31complete. A Treasury spokesperson said the departure is Mayor Biden-era hiring increases
00:36and described the move as a rollback of wasteful hiring surges to improve efficiency.
00:41For all things money, visit Benzinga.com slash GSTV.
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