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Investing.com-- The U.S. Commodity Futures Trading Commission has begun laying off staff following a Supreme Court ruling that opened the door to broader federal workforce cuts, Reuters reported Wednesday, citing a source familiar with the matter.
The layoffs are expected to impact more than two dozen employees across enforcement, market oversight, administration, and data divisions, as part of a larger restructuring effort, the report said.
Earlier this month, the U.S. Supreme Court allowed the Trump administration to resume mass federal job cuts and agency restructuring aimed at downsizing the federal government.
The move aligns with calls by President Donald Trump and ex-adviser Elon Musk to overhaul the federal workforce.
The CFTC had 636 full-time staff as of fiscal 2025 and had already seen headcount reductions through voluntary exits, Reuters reported. Under acting Chair Caroline Pham, the agency is reorganizing its enforcement division amid wider institutional changes.