Trump administration plans large-scale layoffs as Elon Musk pushes $1 trillion budget cut

US President Donald Trump said that health and retirement benefits, which make up nearly half of the budget, would remain untouched.

The US administration, led by President Donald Trump, has begun preparing for large-scale layoffs as part of a broader effort to reduce government spending.

At the first cabinet meeting, downsizing chief Elon Musk announced plans to cut $1 trillion from the $6.7 trillion budget this year, a move that could impact government programmes.

Donald Trump reaffirmed that health and retirement benefits, which make up nearly half of the budget, would remain untouched.