IRS set to layoff thousands
Investing.com, 2/14/25
Investing.com — The U.S. Internal Revenue Service (IRS) is set to lay off thousands of employees next week, according to a late Friday report by Bloomberg. This decision could strain the tax agency’s resources during the crucial tax-filing period.
The command to dismiss probationary employees, who are relatively new to their roles and lack full civil service job protections, came from the Office of Personnel Management. This office is responsible for overseeing federal hiring. The directive was issued last Thursday.
The exact number of IRS employees who will be dismissed remains uncertain. The IRS currently employs approximately 100,000 people. The source expressed concern that these cuts could hinder the agency’s ability to manage the tax-filing season effectively.
“There are trying to reduce numbers across the board with no analysis to the impact it will have on operations,” Bloomberg reported.
The New York Times (NYSE:NYT) was the first to report on the impending layoffs at the IRS.