The U.S. government has initiated layoffs of federal employees during the ongoing shutdown, the first in six years, according to the Office of Management and Budget’s chief Russell Vought. President Donald Trump aims to reduce excess workforce created by Democrats. Shutdown began on October 1, agencies asked to provide RIF plans, extending into next week. Layoffs confirmed in Interior, Homeland Security, Treasury, EPA, Commerce, Education, Energy, HHS, and HUD. About 750,000 employees could be furloughed daily, costing $400 million in compensation. Unions sue government to prevent layoffs, claiming OMB exceeded authority.

Read more at Nasdaq: U.S. Govt Has Started To Fire Federal Workers