Episode Details

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 eight areas that require close attention. Both reports outline the potential long-term consequences of these employee reductions including loss of institutional knowledge. Links to both reports are included below.

Link: Securities And Exchange Commission: Recent Workforce Reductions and Other Personnel Management Changes | U.S. GAO

Link: TMPCFinalMarch 2026.pdf