US tax – IRS planning on cutting up to half of its 90,000 employees

AP reports that the US Internal Revenue Service is drafting plans to cut up to half of its 90K workforce.

Nothing further at this stage.

Here’s the AP report:

• The IRS is drafting plans to cut as much as half of its 90,000-person workforce, AP sources say
• The IRS is drafting plans to cut its workforce by as much as half through a mix of layoffs, attrition and incentivized buyouts, according to two people familiar with the situation.

  The people spoke on condition of anonymity because they weren’t authorized to disclose the plans.

This article was written by Eamonn Sheridan at www.forexlive.com.