The Labor Department’s watchdog office is offering buyouts and early retirements to its employees to cut its workforce by about 20% by the end of the fiscal year. The department’s inspector general office already made workforce cuts through attrition last year. The federal government in recent years has not offered a lot of buyouts—also known as voluntary separation incentive payments—but they still occur. The purpose is to avoid involuntary... Reducing the Size of Government and Buyouts. With the 2024 election over and done, there is more uncertainty for federal employees. If you work for the Department of Education, the Environmental Protection Agency, or the Department of Energy, you might be more concerned than if you worked for an agency in Treasury or the Department of Defense.
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