Elon Musk’s first order of business in Trump administration: Kill remote work

Published On Nov 21, 2024, 3:56 PM

Elon Musk has proposed a mandate for federal employees to return to office work, aiming to significantly reduce the federal workforce and cut government spending by $2 trillion. He co-leads a task force, the 'Department of Government Efficiency' (DOGE), which aims to eliminate unnecessary regulations and waste within government operations. The plan includes a return-to-office rule for over 2 million federal employees to streamline bureaucracy and achieve substantial budget cuts.

Stock Forecasts

The push to reduce workforce and eliminate remote work could affect companies that rely on government contracts as budget cuts may lead to reduced spending in those areas. Industries impacted may include IT contractors or consultation firms that support government operations.

Related News