Reported about 17 hours ago
Approximately 500 employees at the Securities and Exchange Commission (SEC) have opted to leave under the agency's $50,000 buyout and deferred resignation offers, marking a significant loss of about 10% of its workforce. The exodus primarily affects the enforcement and examination divisions, raising concerns about the agency's capacity to manage potential financial crises. Additional cost-cutting measures, including office lease terminations, are also planned, which have drawn criticism for being at odds with the SEC's operational efficiency.
Source: YAHOO