Musk ‘Buyout’ Accepted by More Than 20,000 Federal Workers (1)

Feb. 4, 2025, 8:59 PM UTC

More than 20,000 employees — about 1% of the federal workforce — have signed up for an offer to quit their jobs in exchange for a deferred resignation deal that would have taxpayers continue to pay their salaries through the end of September.

But those numbers are increasing every day, according to an official familiar with the data, and the Trump administration expects a spike in resignations as employees near Thursday’s deadline to accept the offer.

President Donald Trump and his efficiency czar, Tesla Inc. and SpaceX CEO Elon Musk, hopes that the offer could cull as much as ...

Learn more about Bloomberg Tax or Log In to keep reading:

See Breaking News in Context

From research to software to news, find what you need to stay ahead.

Already a subscriber?

Log in to keep reading or access research tools and resources.