US EditionUS Small Business Administration to cut 2,700 jobs
- The Small Business Administration will reduce its workforce by 43%, affecting about 2,700 jobs as part of a reorganization.
- These reductions will involve voluntary resignations and expirations of term appointments.
- Kelly Loeffler, the new head of the SBA, stated that the goal is to return to pre-pandemic staffing levels.
- The SBA's loan guarantee and disaster assistance programs will not be affected by these reductions.
62 Articles
62 Articles
Small Business Administration to cut about 2,700 jobs as part of restructuring
The Small Business Administration announced it will cut about 2,700 jobs, which make up about 43% of its workforce, as part of a restructuring of the agency.The SBA, which was established in 1953 to offer resources to small businesses and help administer small business and disaster recovery loans, said in a statement that cutting its workforce of 6,500 people was part of efforts to return to pre-pandemic staffing levels, after the agency played …
Ticker: Small Business Administration to reorganize, cut about 2,700 jobs; Johnson & Johnson plans $55 billion in US investments over the next four years
The Small Business Administration said it will cut its workforce by 43%, or about 2,700 jobs, as part of a reorganization. The SBA was established in 1953 to offer resources to small businesses and helps administer small business and disaster recovery loans. It played a crucial role during the pandemic, helping distribute small business aid. Now the goal is to return to pre-pandemic staffing levels and cut some programs started during the Biden …
SBA to cut staff by 43% despite plan to absorb student loans - Washington Examiner
The Small Business Administration plans to cut thousands of employees as part of a “strategic restructuring” amid the Trump administration’s effort to slash the federal bureaucracy. The SBA will cut 43% of its workforce, or approximately 2,700 positions, in a move agency chief Kelly Loeffler said would “save taxpayers more than $435 million annually by FY26.” The cuts announced on Friday come the same day President Donald Trump said the SBA wo…
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