The U.S. Securities and Exchange Commission is offering some employees $50,000 if they choose to resign or to retire under an early retirement program, according to an agency memo seen by Reuters. The SEC and other federal agencies have been looking at ways to cut staff and costs to meet demands from President Donald Trump's administration.

Following the recent trend of federal agencies laying off thousands of employees, the US Securities and Exchange Commission (SEC) has asked its employees to retire or resign. The SEC attached a $50K incentive for its employees in what the financial regulator is calling a “voluntary early retirement” program.

Billionaire investor Mark Cuban waded into the latest government tech shake-up on Saturday, offering support on the social network Bluesky for newly

The abrupt layoffs at the General Services Administration (GSA) have sent shockwaves through the federal workforce, particularly affecting the 18F technology unit. Around 70 employees were informed of their termination through an email distributed around 1 a.

Billionaire Mark Cuban has joined the conversation about the recently laid-off tech workers, posting a message of support to those affected.

The Education Department sent out an email to staffers on Friday saying if they quit by Monday at midnight, they will receive a $25,000 cash payout.