The Small Business Administration said it would reduce its operating power by 43 %, or about 2700 jobs, as part of reorganization.
SBA was founded in 1953 to provide resources to small companies and help manage small business loans and recover from disasters. She played an important role during the epidemic, which helped distribute small commercial aid. The new SBA president, Kelly Lovler, said that the goal now is to return to the level of recruitment before birth and reduce some programs that started during the Biden administration.
“By eliminating critical positions and unifying jobs, we will return to employment levels in the recent Trump administration,” Levler said on Friday in a statement.
SBA said that the programs to guarantee loans and assistance in disasters, as well as its field and veteran operations, will not be affected. Employment discounts, which will execute 2,700 workforce jobs at the agency of 6500, will be a mixture of voluntary resignations, the end of the Covid era and other range dates, and some discounts in jobs.
The federal agency's demobilization is part of a larger campaign by the Trump administration to reduce the federal workforce, and has led an effort by the Ministry of Governmental Efficiency at Elon Musk.
Separately on Friday, Trump announced the loans of students that will be dealt with by SBA as part of a plan to transfer the responsibilities of the Education Department into other federal agencies. SBA did not immediately respond to a request for comment.
