Treasury eliminates offices and outsources work, with more layoffs coming

https://www.govexec.com/workforce/2025/04/treasury-eliminates-offices-and-outsources-work-more-layoffs-coming/404472/

The Treasury Department has begun slashing some offices as part of President Trump’s efforts to reduce the federal workforce, adding several divisions of the Bureau of Fiscal Service to the cut list.

The department is outsourcing the work at the bureau’s Servicing of Savings Bonds, Debt Cross-Servicing Program and Paper Check Printing and Ancillary Services offices. The exact number of employees impacted was not immediately clear but multiple employees familiar with the matter expected it to be hundreds.

“As part of the Executive Order Optimizing the Federal Workforce, Fiscal Service must reduce its workforce and operational footprint,” bureau leadership said in a message to staff on Thursday.

Impacted employees were told their jobs were being eliminated in a town hall meeting this week. Employees are expected to still have the option to apply for early retirement, buyouts or the so-called “deferred resignation” program that, if accepted, would allow them to remain in paid leave status through September.

*snip*

The looting intensifies.