We write to express concern and obtain information from the Federal Deposit Insurance Corporation (“FDIC”) Office of Inspector General (“FDIC OIG”) regarding its surprising June 24, 2025, announcement suspending further work on Succession Management and Employee Retention Efforts. Specifically, we request assurances from you that the FDIC OIG will soon restart its examination of the FDIC’s succession management and employee retention practices, including the impact of severe Department of Government Efficiency (“DOGE”) driven staff reductions at the agency.
In April 2025, the FDIC reduced its workforce by 20 percent (approximately 1,250 positions). Therefore, we were disappointed to see the FDIC OIG announce the suspension of further work on its review of the FDIC’s Succession Management and Employee Retention Efforts.
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