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Milei’s ‘Deep Chainsaw’ Trims Thousands of Jobs in Argentina Bitcoin.com 4 weeks ago

Milei’s ‘Deep Chainsaw’ Trims Thousands of Jobs in Argentina 🇦🇷

Argentina's President Milei has spearheaded a bold initiative dubbed 'Deep Chainsaw' aimed at decreasing bureaucratic inefficiencies within state institutions. This program has recently culminated in the elimination of over 33,000 job positions, a development hailed as a major accomplishment for the country's financial health.

This substantial downsizing effort forms part of a broader strategy to slash government spending, with Argentina’s Minister of State Transformation and Deregulation, Federico Sturzenegger, showcasing the necessity of these measures for a sustainable economic future.

The strategic job cuts are positioned as a necessary step to alleviate the country’s financial burdens, a sentiment echoed by the leadership as they seek to manage the national economy effectively.

Source: news.bitcoin.com ↗