Economy

Major Workforce Reduction at US Small Business Administration Sparks Debate

US Small Business Administration Announces Significant Staff Cuts

In a bold move aligning with President Donald Trump's economic priorities, the US Small Business Administration (SBA) has revealed a comprehensive reorganization plan. This plan includes a substantial reduction of its workforce by 43%, aimed at eliminating non-essential positions and reverting to pre-pandemic staffing levels.

SBA Administrator Kelly Loeffler has openly criticized the agency's previous expansion, labeling it as a deviation from its core mission towards a political agenda. This reorganization is seen as a step to realign the SBA with its foundational objectives.

Impact on SBA Employees

Currently, the SBA employs 4,019 individuals. The proposed 43% reduction will result in approximately 1,727 employees facing layoffs. This significant downsizing has sparked discussions on the future direction of the SBA and its ability to support small businesses effectively.