Gregory Epstein

The Layoff Tsunami: What Happens When Governments Cut Their Own Workforce

Economics / Investing

The federal government is undergoing its largest workforce reduction in modern history. Since the creation of the Department of Government Efficiency, mass layoffs, agency closures, and a prolonged shutdown have crippled essential services…

By Gregory Epstein, graphics by Business Review at Berkeley · February 12, 2026 · 5 min read