CFPB Leader and Elon Musk Doge plan to fire nearly all employees | Real Time Headlines

this Consumer Financial Protection BureauAccording to employee testimony, the leadership program of the Trump-appointed plans to fire nearly all 1,700 employees while “ending” the agency.

exist Trov Federal employees said in a statement issued late Thursday that the massive layoffs were discussed this month with senior CFPB leaders and members of Elon Musk’s so-called government efficiency division.

“My team was instructed to terminate the vast majority of CFPB employees as soon as possible,” said an employee identified as Alex Doe.

Doe said CFPB leaders and Doge’s plan is to cut the bureau’s workforce in three phases. It eliminates first try out and the staff of tenure, then underwent a wave of about 1,200 layoffs, leaving hundreds of workers with skeleton crew members.

“Finally, the bureau will terminate most of its remaining employees within 60-90 days, thus ‘complete reduction’ within 60-90 days,” Doe said.

The file is in case Beginning with the CFPB’s union, the union suspended the move by Russell Vourch, who acted as CFPB director, to close the bureau. The agency’s actions were suspended until a March 3 hearing after the CFPB fired about 200 probation and term employees.

The Trump administration’s plan is to lower the CFPB to the minimum staffing required by the law: Five CFPB employees will remain in separate offices, or be folded into another regulator, with workers testifying.

During the meeting between February 18 and February 25, “Senior management told staff that the CFPB would be phased out unless there are five statutory authorized positions,” said the current CFPB employee, which is DREW DOE.

“A senior director said the CFPB would be a room for the Treasury Department, the White House or the Federal Reserve, with five men and cell phones,” Doe said.

Employees said they will provide the seal name and name if directed by the court.

This story is developing. Please check it for updates.