Bloomberg reports that the SEC is incentivizing employees to resign or retire early with a $50,000 offer through a voluntary separation program. Employees who have been on payroll before January 24 are eligible, with a deadline to apply by March 21 and an exit date of April 4. This initiative comes alongside the SEC's mandate for staff to return to the office five days a week starting April 14, a move that aims to streamline the workforce amid changing operational needs. The Education Department is making a similar move with a $25,000 buyout offer.
The SEC's incentivized buyout program offers $50,000 to eligible employees for voluntary resignation or retirement, aiming for a reduced workforce ahead of the mandated return to office.
All SEC staff must return to the office five days a week starting April 14, prompting the agency to encourage voluntary separations as part of a broader workforce strategy.
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