Summary
- FDIC plans to cut workforce by 20%
- Initiatives include early retirement and resignation incentives
- Layoffs may occur if voluntary exits insufficient
It's gonna be tough with 20% fewer people pinging back and forth between the banks and the regulator. Some of the banks demands might not get met.
stopdropandprole@lemmy.world 2 days ago
ah yes, this will really help with economic uncertainty forecasts and restoring predictability in how financial institutions behave.