Market
1 million federal employees accept buyout offer by February 6, 2025?
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Resolution / Starting Odds
Yes • 50%
No • 50%
Official reports from the Office of Personnel Management (OPM)
Story
Trump Offers Buyouts to 2 Million Federal Employees, Aiming for $100 Billion in Savings
Jan 29, 2025, 02:31 AM
The Trump administration has initiated a significant overhaul of the federal workforce by offering buyouts to approximately 2 million full-time federal employees out of a total of 2.3 million. The proposal, communicated through an email from the Office of Personnel Management (OPM) titled 'Fork in the Road', allows employees who resign by February 6 to receive pay and benefits until September 30, 2025, without the obligation to work in-person. This move is part of broader efforts to reduce the size of the federal government and is expected to result in a 5% to 10% reduction in the federal workforce, potentially saving around $100 billion. The offer excludes military personnel, U.S. Postal Service employees, and those in positions related to immigration enforcement and national security. The administration's plan reflects a strategy to streamline government operations and align the workforce with its political priorities, drawing parallels to Elon Musk's management approach at Twitter.
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