The Trump administration's Tuesday memo, titled "A Fork in the Road,” is being viewed as a move to push career federal workers out of their jobs and, observers say, replace them with loyalists, noted Axios, which first reported this story.

The memo, sent by email, told federal employees they have until Feb. 6 to choose whether to participate in a “deferred resignation program” that would allow them to decide now that they will resign in September.

"Between the flurry of anti-worker executive orders and policies, it is clear that the Trump administration's goal is to turn the federal government into a toxic environment where workers cannot stay even if they want to," said Everett Kelley, president of the American Federation of Government Employees in a statement reported by the Associated Press.

“If you resign under this program, you will retain all pay and benefits regardless of your daily workload and will be exempted from all applicable in-person work requirements until Sept. 30, 2025 (or earlier if you choose to accelerate your resignation for any reason),” the email stated. An IRS employee in Kansas City told Benzinga she received her email at around 7 p.m. ET Tuesday evening.

"Even a fraction of the workforce accepting buyouts could send shockwaves through the economy and trigger widespread disruptions throughout society as a whole, triggering wide-ranging — and as yet unknowable — implications for the delivery, timeliness and effectiveness of federal services across the nation," notes the Pew report.

The financial and banking sector should experience some changes. JPMorgan Chase & Co (NYSE:JPM) and Bank of America Corp (NYSE:BAC) to mention just two, could be impacted by lending, mortgage markets and consumer spending.

Pew points out that, fewer than a fifth of federal workers work in or near Washington, D.C. as many might presume. California and Texas have the largest contingents of federal employees and 30,800 federal employees work overseas.

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