Layoffs of 12%, US Social Security Bureau proposes second round of ‘buyout’ plan

On April 23rd, the US Social Security Administration proposed a second round of “buyout” plans, which are aimed at non critical position employees at the agency’s headquarters. It is reported that the US Social Security Administration is one of the latest federal agencies to propose a second round of “buyout” plans, with plans to lay off about 7000 employees, accounting for 12%. Employees must choose whether to accept the second round of “buyout” plan before April 25th, and those who accept the plan must resign before May 5th. The agency stated that approximately 365 employees of the Social Security Bureau have signed up for the first “buyout” program. In addition, the US Department of Agriculture, Department of Housing and Urban Development, Department of Defense, Department of Energy and Transportation, and General Services Administration have also launched a second round of “buyout” plans.

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