EconomyLens.com
No Result
View All Result
Saturday, November 29, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Economy

US tax agency weighs firing half of its 90,000 employees

Natalie Fisher by Natalie Fisher
March 4, 2025
in Economy
Reading Time: 3 mins read
A A
1
89
SHARES
1.1k
VIEWS
Share on FacebookShare on Twitter

The US Internal Revenue Service (IRS) is considering letting go up to half of its approximately 90,000 employees, a source with knowledge of the situation tells AFP. ©AFP

Washington (AFP) – The US Internal Revenue Service (IRS) is considering letting go up to half of its approximately 90,000 employees, a source with knowledge of the situation told AFP on Tuesday. The bloodbath would be the latest drastic cut to a federal agency under President Donald Trump’s administration.

Related

OPEC+ likely to maintain current output levels

Crowds, bargains greet US shoppers on ‘Black Friday’

Canada PM under fire for alleged climate U-turn

Belgian PM digs in against EU push to use Russian assets for Ukraine

India economic growth beats forecasts but tariffs loom

When asked about US press reports of the plans to halve the IRS headcount, the source confirmed such a project was being discussed internally. Last month, the IRS laid off around 7,000 probationary employees, amid similar cuts at other federal agencies.

Since his return to the White House in January, Trump has launched a vast offensive aimed at slashing public spending and reducing the federal bureaucracy, one of the goals he promised on the campaign trail. To that end, he has tapped billionaire Elon Musk, his top campaign donor turned close adviser, to lead the Department of Government Efficiency (DOGE), which has cut thousands of government jobs and upended federal agencies.

Among his first targets were members of the federal bureaucracy overseeing policies that promote diversity. Trump’s return also saw the dismantling of the US Agency on International Development (USAID), ending humanitarian and international development projects around the globe.

© 2024 AFP

Tags: Donald Trumpgovernmentjob cuts
Share36Tweet22Share6Pin8Send
Previous Post

What TSMC’s $100 bn investment in the US means for Taiwan

Next Post

Asian stocks rally on hopes of China stimulus

Natalie Fisher

Natalie Fisher

Related Posts

Economy

Swiss MPs seek probe into lavish Trump gifts after tariff deal

November 27, 2025
Economy

Government groceries? NY’s new leftist mayor eyes supermarket experiment

November 28, 2025
Economy

Swiss MPs seek probe into lavish Trump gifts after tariff deal

November 27, 2025
Economy

Government groceries? NY’s new leftist mayor eyes supermarket experiment

November 27, 2025
Economy

Europe secures record space budget to boost independence

November 28, 2025
Economy

South Africa slams Trump’s G20 ban as punitive

November 27, 2025
Next Post

Asian stocks rally on hopes of China stimulus

Trump tariffs leave Mexican tequila producers with sour taste

Stocks rally on hopes of China stimulus and tariff relief

EU asked to say how much funding given to Musk firms

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
1 Comment
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

79

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Electric vehicle prowess helps China’s flying car sector take off

November 29, 2025

Hungary’s ‘Hollywood on the Danube’ faces Trump tariff threat

November 29, 2025

OPEC+ likely to maintain current output levels

November 29, 2025

Trump ramps up Venezuela threats, warns airspace ‘closed’

November 29, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.