Yesterday, the Social Security Administration (SSA) announced in a press release that it had identified over £629.94 million ($800 million) in cost savings or avoidance for FY 2025.
These cost-cutting measures will be implemented through workforce reduction, a hiring freeze, termination of contracts and grants, trimming of the IT systems budget, and shuttering of around 45 offices nationwide after their leases expire. The agency has also set a target to reduce the workforce to 50,000 employees from almost 57,000.
