20,000 federal employees rush to accept Trump, Musk buyout - report

Published 04/02/2025, 18:28
© Reuters

Investing.com -- Over 20,000 federal employees, representing about 1% of the workforce, have chosen to accept Trump’s buyout deal, being made in conjunction with the DOGE task force set up by Elon Musk, Bloomberg News reported. The deal, which would allow these employees to continue receiving their salaries through the end of September, has seen increasing uptake with every passing day.

This information comes from an official familiar with the data. The Trump administration is anticipating a surge in acceptances as the deadline to take up the offer approaches this Thursday.

President Donald Trump and his efficiency czar, Musk, who is also the CEO of Tesla (NASDAQ:TSLA) Inc. and SpaceX, are hopeful that this offer could lead to a reduction of up to 10% in the federal workforce.

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