General World News

The CFPB announces sweeping job cuts: up to 90% gone

More than 1,400 Consumer Financial Protection Bureau (CFPB) workers were terminated from their positions on Thursday, sources told WIRED. There were around 1,700 employees in total at the CFPB.

Fox Business reports that around 1,500 workers will receive RIF notices across core functions, based on an unnamed source.

This move is the latest in the Trump administration‘s latest action in cleaning house when it comes to government agencies and their respective employees.

The layoffs come after an email was sent to CFPB staff on Wednesday, which Wall Street Journal’s White House Economic Policy Reporter Brian Schwartz posted on the details ⇒

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