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President Donald J. Trump’s push to reduce federal government waste, fraud, and abuse will see the Small Business Administration (SBA) reduce its workforce by over 40 percent. The impending cuts, which aim to save more than $435 million annually, will impact roughly 6,500 bureaucrats.
“The strategic reorganization will begin a turnaround for the agency by restoring the efficiency of the first Trump Administration, as well as its focus on promoting small businesses,” the SBA said in a statement, adding: “Core services to the public, including the agency’s loan guarantee and disaster assistance programs, as well as its field and veteran operations, will not be impacted.”
