The SBA is taking action on the heels of the Department of Justice reporting a bribery scheme worth more than $550 million.

The Small Business Administration announced it will cut about 2,700 jobs, which comprises about 43% of its workforce, as it seeks to return to pre-pandemic staffing levels.

The Senate voted Feb. 19, 2025, to confirm the nomination of President Donald Trump’s pick to lead the Small Business Administration, Kelly Loeffler, a Republican from Georgia.

Marcus Alzona is no longer the chief information officer of the Small Business Administration. It’s not completely clear what happened to the role. A person familiar with the situation said the Trump ...