The Small Business Administration plans to reduce its workforce by more than 40% according to an announcement by the agency’s administrator, Kelly Loeffler, on Friday.

The agency announced widespread restructuring aimed at “ending the expansive social policy agenda of the prior Administration, eliminating non-essential roles, and returning to pre-pandemic staffing levels,” according to the announcement.

This includes cutting about 2,700 positions out of almost 6,500 in total “through voluntary resignations, the expiration of COVID-era and other term appointments, and a limited number of reductions in force (RIFs).”

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