The Federal Deposit Insurance Corporation (FDIC) dismissed several probationary employees as part of the Trump administration’s broader effort to downsize the federal workforce. The Department of Government Efficiency (DOGE) reported that over 500 FDIC employees had been with the agency for less than a year, making them more vulnerable to layoffs. Critics warn the cuts could weaken the FDIC, which already faces staffing shortages, especially after recent bank failures. The agency declined to comment, and the full impact of the layoffs remains unclear.
See "FDIC fires new employees as part of broader government layoffs ", Pete Schroeder, Reuters, February 19, 2025