Social Security Administration could cut up to 50% of its workforce
The Social Security Administration is preparing to lay off at least 7,000 people from its workforce of 60,000, according to a person familiar with the agency’s plans who is not authorized to speak publicly. The workforce reduction, according to a second person who also spoke on condition of anonymity, could be as high as 50%. It’s unclear how the layoffs will directly impact benefits of the 72.5 million Social Security beneficiaries, which include retirees and children who receive retirement and disability benefits. […]