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by: CNN

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DOGE's mass federal workforce cuts may cost taxpayers $135 billion this fiscal year alone

Elon Musk's efforts to slash federal spending are costing the government in lost productivity and tax revenue, workforce and policy experts claim.
The article from Fortune discusses a study by the Volcker Alliance, which suggests that implementing mass layoffs within the federal workforce could potentially save taxpayers billions of dollars annually. The study, titled "Restoring Trust in Government: The Case for a Federal Workforce Reduction," argues that the federal government has grown too large and inefficient, leading to wasteful spending. It proposes that a 15% reduction in the federal workforce could save approximately $45 billion per year. The report also emphasizes the need for better management practices and technological upgrades to improve efficiency. However, the article notes that such drastic measures could face significant political and practical challenges, including potential disruptions to essential services and difficulties in achieving bipartisan support for such reforms.

Read the Full Fortune Article at:
https://fortune.com/article/doge-mass-federal-workforce-cuts-taxpayers-billions/

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