SBA to cut staff by 43% despite plan to absorb Education Department responsibilities

By Emily Hallas

Published March 21, 2025 3:38pm ET

The Small Business Administration plans to cut thousands of employees as part of a “strategic restructuring” amid the Trump administration’s effort to slash the federal bureaucracy.

The SBA will cut 43% of its workforce, or approximately 2,700 positions, in a move agency chief Kelly Loeffler said would “save taxpayers more than $435 million annually by FY26.”