Federal Workforce Shake-Up: 76 OCC Employees Let Go

The Office of the Comptroller of the Currency (OCC) has laid off 76 probationary employees as part of a broader federal workforce reduction initiative under the Trump administration. This move follows similar actions by the Federal Deposit Insurance Corporation and the Consumer Financial Protection Bureau.

The Office of the Comptroller of the Currency has announced the termination of 76 probationary employees, aligning with the Trump administration's broader effort to reduce the federal workforce. This marks a significant cut in the national banking regulator's staff, which recorded 3,630 full-time employees last year.

Notification of the job cuts came to light through an internal email, with the departures slated for March 8. The agency, which supervises major banks in the U.S., joins other federal entities in trimming their workforce, as evidenced by recent dismissals at the Federal Deposit Insurance Corporation and the Consumer Financial Protection Bureau.

The affected OCC employees occupy probationary roles, typically with less than two years of service, and are afforded fewer job protections than tenured staff. This action underscores a substantial shift in policy that seeks to significantly cut down on federal employees who are deemed expendable during their probationary periods.

(With inputs from agencies.)