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Treasury planning to lay off ‘substantial number’ of employees

  • The Department of the Treasury plans to terminate a significant number of employees following President Donald Trump’s executive order for large-scale workforce reductions.
  • U.S. District Judge James Bredar ruled that the firings were illegal due to lack of notice and required reinstatement of fired probationary workers.
  • Senator Joni Ernst asked Treasury Secretary Scott Bessent for the IRS to improve its technology and availability for Employer Identification Number applications.
  • Experts believe that making the Employer Identification Number application tool available 24/7 could significantly ease the process of starting a business, according to Karla Dennis and Mark J. Kohler.
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Bloomberg broke the news in United States on Tuesday, March 25, 2025.
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