What Elon Musk didn’t budget for: Firing workers costs money, too

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President Donald Trump and Elon Musk promised taxpayers big savings, maybe even a “DOGE dividend” check in their mailboxes, when the Department of Government Efficiency was let loose on the federal government. Now, as he prepares to step back from his presidential assignment to cut bureaucratic fat, Musk has said without providing details that DOGE is likely to save taxpayers only $150 billion. That is about 15% of the $1 trillion he pledged to save, less than 8% of the $2 trillion in savings he had originally promised and a fraction of the nearly $7…



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What Elon Musk didn’t budget for: Firing workers costs money, too


President Donald Trump and Elon Musk promised taxpayers big savings, maybe even a “DOGE dividend” check in their mailboxes, when the Department of Government Efficiency was let loose on the federal government. Now, as he prepares to step back from his presidential assignment to cut bureaucratic fat, Musk has said without providing details that DOGE is likely to save taxpayers only $150 billion. That is about 15% of the $1 trillion he pledged to save, less than 8% of the $2 trillion in savings he had originally promised and a fraction of the nearly $7…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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