140 OCC employees accept Trump's buyout offer

The Office of the Comptroller of the Currency (OCC) has seen 140 employees accept the Trump administration's deferred resignation buyout offer as part of ongoing job cuts, Bloomberg Law reported, citing an internal email from the OCC's Executive Committee.

These employees will reportedly be put on administrative leave while remaining on the payroll until September. The OCC fired 76 probationary employees in February, with many of the terminations coming in its midsize and community bank supervision unit.

According to the report, the OCC had about 3,600 employees before the probationary firings and deferred resignations.

The regulator has also instructed its staff to return to the office by March 31, which may lead to further attrition.

The OCC declined to comment on the news to the media outlet.

The Federal Deposit Insurance Corp. (FDIC) also saw 500 employees, or around 8% of its workforce, accept the Trump administration's buyout offer. The report noted that about 75,000 federal employees opted for deferred resignation buyouts ahead of a February deadline.