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The Federal Deposit Insurance Corporation plans to lay off more than 1200 jobs

Internet reports that as part of the Trump administration's plan to cut the federal labor force, the U.S. banking regulator, the Federal Deposit Insurance Corporation (FDIC), plans to lay off more than 1200 jobs. The Federal Deposit Insurance Corporation said in an email to employees on the same day that layoffs would be carried out through voluntary retirement, internal resignations and retention of vacant positions. The email shows that the Federal Deposit Insurance Corporation plans to lay off 1250 people, including 500 employees who accepted the Trump administration's extended resignation plan earlier this year. If there are insufficient voluntary departures, the Federal Deposit Insurance Corporation will formally lay off employees starting May 13. It is reported that not all departments will be laid off, and eligible employees must accept voluntary resignation from April 28 to May 5.

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