The U.S. Small Business Administration (SBA) plans to cut 2,700 jobs, reducing its staff by 43% from 6,500 as part of reforms initiated by the Trump administration. These reforms aim to unwind prior policies, eliminate redundant positions, and return to pre-pandemic staffing levels. Concurrently, President Trump granted the SBA control over the federal student loan portfolio, amidst broader federal downsizing strategies led by Elon Musk to enhance government efficiency and reduce bureaucratic costs.