Prediction markets expect DOGE will cut more jobs in 2025
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According to prediction markets, Kalshi forecasts that the Department of Government Efficiency (DOGE) will cut 317,000 government employees in 2025. The agency has already fired thousands of government employees and offered others deferred resignation proposals. Kalshi forecasts revealed that prediction markets now expected the Department of Government Efficiency (DOGE) to cut over 30,000 government jobs in 2025. Kobeissi’s letter highlighted that this was a 107,000 increment from data recorded nine days ago. Prediction markets see DOGE making more job cuts in 2025 The Department of Government Efficiency, led by Elon Musk, pledged to reduce government spending once Trump assumed power as the president of the United States. The department revealed it would streamline government operations by reducing redundancy and optimizing the federal workforce. BREAKING: Prediction markets now see DOGE cutting 317,000 government employees in 2025, per @Kalshi. This is up sharply from the 200,000 in expected job cuts seen just 9 days ago. https://t.co/vtk36HsWoU pic.twitter.com/DXsjBLwNbd — The Kobeissi Letter (@KobeissiLetter) February 19, 2025 Health agencies that are part of the Department of Health and Human Services reported layoffs. Other agencies that have already experienced layoffs include the Centers for Disease Control and Prevention(CDC) and the Centers for Medicare and Medicaid Services(CMS). The White House offered deferred resignation proposals to federal workers earlier this month in exchange for financial initiatives. The Office of Personnel Management announced on February 12 that 75,000 federal employees had already accepted the offer. Probationary employees have reportedly experienced layoffs since Trump took over the Oval Office. On February 13, the Trump administration ordered federal agencies to lay off such workers. Government data revealed that 220,000 federal employees fell under the category as of March 2024.…
Filed under: News - @ February 20, 2025 8:19 am