Argentina’s new president isn’t slowing down. Javier Milei, who was recently elected after a tense race, took office earlier this month and has already been working to fulfill his promise to slash the size of government.
Milei has already done away with most of the government’s various ministries. Now, his administration is further seeking to reduce government expenditures and the overall size of the state by laying off an estimated 5,000 government employees. This move is intended to streamline the government’s workforce as it grapples with devastating inflation.
The move was part of a sweeping plan of cutbacks and devaluations announced by the right-wing libertarian since he took office on Dec. 10 to transform Argentina’s struggling economy.
The contracts for other government employees, who were hired prior to 2023, will be reviewed, authorities said. The 2023 cutoff is…
