Review of GAO and OIG reports on workforce reductions for the SEC and FDIC
Two recent reports from the U.S. Government Accountability Office (GAO) and the Federal Deposit Insurance Corporation Office of Inspector General (OIG) highlights the workforce reductions at the SEC and FDIC. The GAO report states that since January 2025 the SEC had an 18% reduction in their workforce of approximately 871 employee departures. The SEC has made efforts to manage and assess the effects of this workforce reduction. The OIG report states that since January 2025 the FDIC had a 20% reduction in workforce of approximately 1,300 employee departures. The OIG report also highlights…
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