By Chris Prentice (Reuters) -The U.S. Commodity Futures Trading Commission on Wednesday began staff firings that are expected to affect over two dozen people, according to an agency source, after the Supreme Court last week cleared the way for mass government firings. Employees from the CFTC’s enforcement, market oversight, administration and data divisions are expected […]
U.S.
US CFTC begins staff firings, agency source says
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By Chris Prentice
(Reuters) -The U.S. Commodity Futures Trading Commission on Wednesday began staff firings that are expected to affect over two dozen people, according to an agency source, after the Supreme Court last week cleared the way for mass government firings.
Employees from the CFTC’s enforcement, market oversight, administration and data divisions are expected to be affected as part of a more general reorganization at the regulator, the source said.
Trump, until recently alongside his now former special adviser Elon Musk, had called for a reshaping of the federal government workforce including a purge of workers.
The CFTC had 636 full-time equivalent staff positions in fiscal 2025, according to an agency report. The regulator has also recently reduced significant numbers of staff through a series of voluntary resignation programs that were also offered in other agencies.
Under acting Chair Caroline Pham, a Republican, the agency has rolled out a series of changes, including reorganizing its enforcement division.
(Reporting by Chris Prentice; Editing by Chris Reese)