business
CFPB Orders 450 Remote Employees to Relocate to Washington Headquarters or Resign
Acting Director Russell Vought ordered approximately 450 remote workers to commit to moving to the agency's new headquarters by July 14. Those who agree must report on September 6. Employees who decline or do not respond will be separated from the bureau.
ZeroHedgeAudio version
Tap play to generate a narrated version.
Developing·Limited corroboration so far. This page will refresh as more sources emerge.
The Consumer Financial Protection Bureau has directed approximately 450 remote employees living outside the Washington area to relocate to its new headquarters or lose their jobs, ZeroHedge reported. Acting Director Russell Vought issued the order in a memorandum on Tuesday. Employees who agree to the move must begin reporting to the facility at 445 12th St.
SW on September 6. Those who decline the relocation or fail to respond by the July 14 deadline will be separated from the agency. The new headquarters previously housed the Federal Communications Commission and currently also houses the Pension Benefit Guaranty Corporation.
The building has space for about 550 employees, roughly half the bureau's current workforce of approximately 1,100. A limited number of employees have been exempted from the requirement, though the agency has not explained the criteria. The CFPB has not publicly commented on the notices.
The bureau's employee union described the order as a de facto workforce reduction, stating that the requirement is likely to prompt many employees to resign rather than move to Washington.
