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The United States Securities and Exchange (SEC) is offering its employees a $50,000 incentive to resign or retire by April 4 amid the Department of Government Efficiency’s (DOGE) mass layoff of federal workers, a new report from Bloomberg claims.
Workers who have been employed by the federal agency since January 2024 are eligible for the offer, with the deadline to accept listed as March 21, 2025.
According to the media outlet’s March 4 report, an email sent to the federal agency’s employees by SEC Chief Operating Officer Ken Johnson this past Friday allegedly states that the regulator is offering a voluntary separation/retirement incentive to current staff members.
Late last month, federal workers were hit with an email from the Office of Personnel Management asking them to provide a list of bullet points documenting what they had accomplished during their work week.
News of the regulator’s offer to employees comes amid DOGE’s plans to slash government expenditures, resulting in the firing of tens of thousands of federal workers.
The SEC, the primary agency tasked with overseeing crypto regulation nationwide, scaled back its crypto enforcement efforts last month.
The SEC is offering employees a $50,000 incentive to resign or retire, according to a new report from Bloomberg. The regulating agency’s offer to employees comes amid DOGE’s mass firing of federal workers in a bid to cut government expenditures.
According to the Associated Press, Elon Musk and current U.S. President Donald Trump have indicated that those who refuse to comply with the email’s demands may lose their jobs.