StockWaves
  • Home
  • Global Markets
    Global MarketsShow More
    Right here’s how a 39-year-old might intention for one million by retirement, by spending £900 a month on UK shares
    Right here’s how a 39-year-old might intention for one million by retirement, by spending £900 a month on UK shares
    4 Min Read
    In job losses, AI’s position could also be greater than firms say
    In job losses, AI’s position could also be greater than firms say
    10 Min Read
    Calm reported in Syria's Sweida, Damascus says truce holding
    Calm reported in Syria's Sweida, Damascus says truce holding
    0 Min Read
    With P/E ratios beneath 7, are these undervalued FTSE shares bargains — or worth traps?
    With P/E ratios beneath 7, are these undervalued FTSE shares bargains — or worth traps?
    4 Min Read
    The most important crimson flag in a job interview, in accordance with a founder
    The most important crimson flag in a job interview, in accordance with a founder
    5 Min Read
  • Investment Strategies
    Investment StrategiesShow More
    Navigating stormy markets with self-discipline
    Navigating stormy markets with self-discipline
    0 Min Read
    'I don't consider pure buy-and-hold works'
    'I don't consider pure buy-and-hold works'
    0 Min Read
    Inside Funds: What mutual funds are doing now
    Inside Funds: What mutual funds are doing now
    0 Min Read
    Autobiography of an SIP
    Autobiography of an SIP
    0 Min Read
    Gold loans: Fast cash, however know the nice print
    Gold loans: Fast cash, however know the nice print
    0 Min Read
  • Market Analysis
    Market AnalysisShow More
    Fund Radar: Chase winners, wager on laggards or keep chill?
    Fund Radar: Chase winners, wager on laggards or keep chill?
    0 Min Read
    What ought to buyers do as subdued Q1 outcomes, tariff tensions lengthen inventory market losses? Explains Geojit’s Vinod Nair
    What ought to buyers do as subdued Q1 outcomes, tariff tensions lengthen inventory market losses? Explains Geojit’s Vinod Nair
    4 Min Read
    Fund Radar: Issue investing goes massive in mid and small caps
    Fund Radar: Issue investing goes massive in mid and small caps
    0 Min Read
    Wall St Week Forward-Industrial sectors beneficial properties to be examined as earnings ramp up
    Wall St Week Forward-Industrial sectors beneficial properties to be examined as earnings ramp up
    6 Min Read
    The endurance dividend
    The endurance dividend
    0 Min Read
  • Trading
    TradingShow More
    Peter Thiel As soon as Touched On Promoting Fb Inventory Too Early — Palantir Co-Founder Says Misjudged Large Tech’s ‘Fractal’ Path To  Trillion – Meta Platforms (NASDAQ:META), Palantir Applied sciences (NASDAQ:PLTR)
    Peter Thiel As soon as Touched On Promoting Fb Inventory Too Early — Palantir Co-Founder Says Misjudged Large Tech’s ‘Fractal’ Path To $1 Trillion – Meta Platforms (NASDAQ:META), Palantir Applied sciences (NASDAQ:PLTR)
    4 Min Read
    Trump’s Tariff Menace, Inflation Dynamics And Federal Reserve Updates: This Week In Financial system
    Trump’s Tariff Menace, Inflation Dynamics And Federal Reserve Updates: This Week In Financial system
    3 Min Read
    Acquisition Buzz, Authorized Battles And Tim Prepare dinner’s Balancing Act: This Week In Appleverse – MP Supplies (NYSE:MP)
    Acquisition Buzz, Authorized Battles And Tim Prepare dinner’s Balancing Act: This Week In Appleverse – MP Supplies (NYSE:MP)
    3 Min Read
    Six in 10 Imagine Trump’s New Tax and Spending Invoice Will Profit Rich, Harm Low-Revenue Teams
    Six in 10 Imagine Trump’s New Tax and Spending Invoice Will Profit Rich, Harm Low-Revenue Teams
    3 Min Read
    ETF-Mutual Fund Mashup Nears Approval, Portfolios Could Shift Quick – T. Rowe Worth Blue Chip Progress ETF (ARCA:TCHP), Dimensional ETF Belief Dimensional U.S. Core Fairness 2 ETF (ARCA:DFAC)
    ETF-Mutual Fund Mashup Nears Approval, Portfolios Could Shift Quick – T. Rowe Worth Blue Chip Progress ETF (ARCA:TCHP), Dimensional ETF Belief Dimensional U.S. Core Fairness 2 ETF (ARCA:DFAC)
    5 Min Read
Reading: Elon Musk exits Trump administration: Here is a have a look at his work at DOGE—tall $2 trillion minimize promise, mass layoffs, extra
Share
Font ResizerAa
StockWavesStockWaves
  • Home
  • Global Markets
  • Investment Strategies
  • Market Analysis
  • Trading
Search
  • Home
  • Global Markets
  • Investment Strategies
  • Market Analysis
  • Trading
Follow US
2024 © StockWaves.in. All Rights Reserved.
StockWaves > Business > Elon Musk exits Trump administration: Here is a have a look at his work at DOGE—tall $2 trillion minimize promise, mass layoffs, extra
Business

Elon Musk exits Trump administration: Here is a have a look at his work at DOGE—tall $2 trillion minimize promise, mass layoffs, extra

StockWaves By StockWaves Last updated: May 29, 2025 9 Min Read
Elon Musk exits Trump administration: Here is a have a look at his work at DOGE—tall  trillion minimize promise, mass layoffs, extra
SHARE


Contents
Elon Musk’s Tenure as DOGE ChiefWhat occurs to DOGE? Who Succeeds Elon Musk?Elon Musk’s time at DOGE — An Overview

Billionaire and world’s richest particular person, Elon Musk, on Could 28 introduced he’s exiting the Donald Trump-led administration, and leaving as head of the US Division of Authorities Effectivity, extra generally generally known as DOGE.

“As my scheduled time as a Particular Authorities Worker involves an finish, I wish to thank President@realDonaldTrump for the chance to scale back wasteful spendingm. The DOGE mission will solely strengthen over time because it turns into a lifestyle all through the federal government,” Elon Musk wrote on X.

A White Home official confirmed Elon Musk’s departure to Reuters and mentioned that the billionaire’s “off-boarding will start tonight.”

Elon Musk’s Tenure as DOGE Chief

As chief of DOGE, Elon Musk was a “particular authorities worker” — individuals who be part of the US authorities for a brief time frame to supply specialised experience. As per US ethics legal guidelines, particular authorities staff can’t serve for greater than 130 days in a 365-day interval.

So, Elon Musk’s function within the Donald Trump administration was at all times short-term, with a hard and fast time period of 130 days — from January 20 to Could 30.

For US authorities worker’s, Elon Musk’s DOGE was an upheaval machine. The turbulent instances noticed 1000’s of layoffs, full division shutdowns, and reams of litigation, as per an AP report. Regardless of the noise, the accomplishments had been far few than Elon Musk could have hoped, it added.

The report famous that the billionaire “struggled” within the unfamiliar surroundings of Washington and more and more expressed frustration about resistance to his objectives. He additionally dramatically diminished his goal for reducing spending — from $2 trillion to $1 trillion to $150 billion.

What occurs to DOGE? Who Succeeds Elon Musk?

There isn’t any succession plan outlined at DOGE. In an earlier interview, Elon Musk joked: “DOGE is a lifestyle, like Buddhism. Buddha isn’t alive anymore. You wouldn’t ask the query: ‘Who would lead Buddhism?’”

Answering reporters in April when requested about Elon Musk stepping again from DOGE to give attention to his corporations, Donald Trump didn’t have a concrete reply both. “I am unable to let you know that. I’ll say this — a number of the folks working with DOGE are the secretaries, the heads of the varied businesses, and so they’ve realized loads. They usually’re coping with the DOGE folks. I feel a few of them could attempt to hold the DOGE folks… At a sure level, I feel it is going to finish,” Donald Trump had mentioned.

In an interview with the Washington Put up forward of the SpaceX launch on Could 27 (which exploded), Elon Musk expressed frustration that DOGE, had develop into a scapegoat for criticism. “DOGE is simply turning into the whipping boy for every thing. At any time when one thing goes mistaken wherever, we get blamed even when we’ve nothing to do with it,” he mentioned.

Elon Musk’s time at DOGE — An Overview

  • January 20: Elon Musk takes helm of the Division of Authorities Effectivity or DOGE.
  • February 1: US Treasury Secretary Scott Bessent indicators off on DOGE’s entry to Treasury fee system.
  • February 1: Leaders on the US Company for Worldwide Improvement (USAID), Director for Safety John Vorhees and Deputy Director for Safety Brian McGill, placed on depart.
  • February 3: Politico experiences that DOGE is scrutinising nationwide broadcasters NPR and PBS for alleged “liberal bias”.
  • February 3: A number of teams, together with the American Federation of Authorities Workers (AFGE), sue the US Treasury for sharing confidential knowledge with DOGE.
  • February 4: New York Instances (NYT) experiences that Division of Schooling is underneath DOGE assessment, with Donald Trump desirous to utterly shut it down.
  • Februuary 5: NYT reported that every one USAID staff had been placed on paid depart from February 7, 2025.
  • February 5: Power Secretary Chris Wright granted a DOGE rep entry to the Division’s IT system, CNN reported.
  • February 6: Wall Road Journal (WSJ) experiences that over 40,000 federal employees go for voluntary retirement.
  • February 7: Round 13 to 14 state attorneys common (largely Democratic) file a lawsuit to cease DOGE’s entry to delicate private info.
  • February 11, WSJ experiences that Donald Trump signed an Government Order giving DOGE extra authority to scale back the dimensions of the federal workforce.
  • February 12: CNN experiences that federal company leaders have been directed to work with DOGE to organize “large-scale layoffs”.
  • February 13: Reuters experiences that the US’ Inside Income Service (IRS) in now underneath DOGE scanner.
  • February 14: DOGE lays off 1,200-2,000 employees on the Division of Power, together with staff at an influence grid workplace; and three,600 probationary Well being and Human Providers staff.
  • February 15: Bloomberg experiences that Division of Homeland Safety get memo to right away cease to work linked to local weather change.
  • February 17: Reuters reported that DOGE fired US Meals and Drug Administration (FDA) staff who had been reviewing Musk’s mind implant firm Neuralink.
  • February 18: USA Right this moment experiences that in a courtroom submitting, the White Home mentioned Musk is not in command of DOGE ‒ nor does he even work for DOGE, however is an advisor to Donald Trump.
  • February 25: AP experiences that nearly 40 per cent of the federal contracts cancelled underneath value reducing, won’t save any cash.
  • February 27: Politico experiences {that a} federal choose has ordered Trump administration officers concerned in DOGE to testify underneath oath in a lawsuit searching for to dam DOGE’s entry to delicate authorities knowledge.
  • February 28: USA Right this moment experiences that Division of Schooling’s HR supplied staff $25,000 to stop by March 3.
  • March 1: Reuters experiences that DOGE has fired civil servants who helped to construct the IRS’ free tax-filing service and revamp govt web sites.
  • March 8: CBS Information experiences that every one staff within the HHS recieve voluntarily resignation provide for $25,000 fee, legitimate until March 14 to answer.
  • March 26: Guardian experiences that DOGE has hut down the Federal Mediation and Conciliation Service (FMCS), an impartial federal company that works to forestall and resolve work stoppages and disputes in the private and non-private sector.
  • March 28: AP experiences a federal choose lifted an order blocking DOGE from additional cuts on the USAID.
  • April 3: HHS Secretary Robert F Kennedy Jr, says 20 per cent of 10,000 staff fired by DOGE might be rehired, in accordance with a CBS Information report.
  • April 22: Elon Musk says he’s stepping again from DOGE to focus extra on corporations from Could 2025.
  • April 30: CNBC experiences that Elon Musk mentioned DOGE has saved taxpayers $160 billion — far lower than his unique projections.
  • Could 2: AP experiences that Trump administration has requested the Supreme Court docket to clear the way in which for DOGE to entry Social Safety methods.
  • Could 9: CBS Information experiences {that a} choose briefly barred the Trump administration from finishing up sweeping cuts and layoffs at over a dozen authorities businesses.

(With inputs from Businesses)

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
Previous Article Ronaldo Set to Lose €104 Million? Will He Settle for Al Nassr’s New Contract with 52% Pay Reduce? Ronaldo Set to Lose €104 Million? Will He Settle for Al Nassr’s New Contract with 52% Pay Reduce?
Next Article Will ‘bond vigilantes’ crash the inventory market once more? Will ‘bond vigilantes’ crash the inventory market once more?
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FacebookLike
TwitterFollow
PinterestPin
InstagramFollow

Subscribe Now

Subscribe to our newsletter to get our newest articles instantly!

Most Popular
The way to Calculate Dividend Yield: A key metric for revenue traders
The way to Calculate Dividend Yield: A key metric for revenue traders
July 20, 2025
Fund Radar: Chase winners, wager on laggards or keep chill?
Fund Radar: Chase winners, wager on laggards or keep chill?
July 20, 2025
Right here’s how a 39-year-old might intention for one million by retirement, by spending £900 a month on UK shares
Right here’s how a 39-year-old might intention for one million by retirement, by spending £900 a month on UK shares
July 20, 2025
Lancet report calls out systemic corruption and inefficiencies at Nationwide Medical Fee
Lancet report calls out systemic corruption and inefficiencies at Nationwide Medical Fee
July 20, 2025
IRFC, Paytm, Zomato and seven different shares asserting outcomes subsequent week
IRFC, Paytm, Zomato and seven different shares asserting outcomes subsequent week
July 20, 2025

You Might Also Like

Zepto Franchise Information 2025 – Price, Utility and Revenue in India
Business

Zepto Franchise Information 2025 – Price, Utility and Revenue in India

9 Min Read
Climate fury: From Bengaluru rains to Guwahati floods, heavy showers cripple regular life; hoarding collapses in Pune
Business

Climate fury: From Bengaluru rains to Guwahati floods, heavy showers cripple regular life; hoarding collapses in Pune

4 Min Read
Noon Market Replace: Sensex rebounds over 600 pts from day’s low, Nifty surpasses 24,100; metals lead features
Business

Noon Market Replace: Sensex rebounds over 600 pts from day’s low, Nifty surpasses 24,100; metals lead features

7 Min Read
Hollywood Nightclub accident: 30 injured after car drives into ready crowd in LA; driver shot by bystander
Business

Hollywood Nightclub accident: 30 injured after car drives into ready crowd in LA; driver shot by bystander

3 Min Read

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

StockWaves

We provide tips, tricks, and advice for improving websites and doing better search.

Latest News

  • About Us
  • Contact Us
  • Privacy Policy
  • Terms Of Service

Resouce

  • Blockchain
  • Business
  • Economics
  • Financial News
  • Global Markets
  • Investment Strategies
  • Market Analysis
  • Trading

Trending

The way to Calculate Dividend Yield: A key metric for revenue traders
Fund Radar: Chase winners, wager on laggards or keep chill?
Right here’s how a 39-year-old might intention for one million by retirement, by spending £900 a month on UK shares

2024 © StockWaves.in. All Rights Reserved.

Welcome Back!

Sign in to your account

Not a member? Sign Up