The SBA will cut 43% of its workforce, or approximately 2,700 positions, in a move agency chief Kelly Loeffler said would “save taxpayers more than $435 million annually by FY26.”
The cuts announced on Friday come the same day President Donald Trump said the SBA would take over elements of the Department of Education.
As the president attempts to phase out the Education Department, the SBA will absorb federal student loan programs. It is unclear how many, if any, Education Department employees SBA will absorb as part of the restructuring.
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Loeffler’s agency did not reply to the Washington Examiner’s request for details.
Loeffler announced the workforce cuts will return SBA’s staffing levels to numbers seen under Trump’s first term in office, saying the agency
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