US EditionSBA to slash workforce as part of larger reorganization
- The Small Business Administration plans to reduce its workforce by 43%, cutting about 2,700 positions, according to SBA Administrator Kelly Loeffler.
- SBA aims to return to pre-pandemic staffing levels and will not affect core programs like disaster assistance and loan guarantees.
- Former Deputy SBA Administrator Dilawar Syed expressed concerns that the cuts will hinder SBA's ability to support small businesses.
17 Articles
17 Articles
SBA to cut about 2,700 jobs while Trump announces it will take over handling of student loans
The Small Business Administration said it will cut its workforce by 43 percent, or about 2,700 jobs, as part of a reorganization. Separately on Friday, Trump announced student loans would be handled by the SBA as part of a plan to shift Education Department responsibilities to other federal agencies.
Federal News Network
BizTocSBA to cut 43% of workforce, return to pre-pandemic staffing levels
The Small Business Administration plans to cut 43%, a decision the agency head says is needed to cut down on “mission creep” and employees no longer needed to support pandemic-era stimulus programs. SBA announced the cuts Friday, saying it will eliminate nonessential roles and return staffing to pre-pandemic levels. The agency expects to cut about 2,700 positions from its current workforce of nearly 6,500 employees. “SBA will refocus its resourc…
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