The Federal Deposit Insurance Corporation (FDIC), a key U.S. banking regulator, has announced plans to reduce its workforce by approximately 20%, equating to around 1,250 employees. These layoffs are set to begin on May 13, 2025, and will be implemented across various FDIC offices. The agency is encouraging early retirement and voluntary resignation incentives, with layoffs anticipated if voluntary exits do not meet reduction targets. Concurrently, the U.S. State Department is preparing to lay off over 2,000 employees, representing 15% of its domestic workforce, as part of a major reorganization with reduction-in-force notices expected by July 1, 2025. Additionally, around 220 employees at a federal regulator overseeing credit unions have accepted voluntary resignation offers amid ongoing efforts by the Trump administration to reduce the federal workforce. Federal workers involved in resolving issues related to the Affordable Care Act have also been affected by recent cuts.