Following the recent trend of federal agencies laying off thousands of employees, the US Securities and Exchange Commission (SEC) has asked its employees to retire or resign. The SEC attached a $50K incentive for its employees in what the financial regulator is calling a “voluntary early retirement” program.

The United States Securities and Exchange Commission is reportedly offering eligible employees financial incentives to resign or retire from the agency amid an ongoing wave of staffing changes from the regulator.

The U.S. Securities and Exchange Commission is offering some employees $50,000 if they choose to resign or to retire under an early retirement program, according to an agency memo seen by Reuters. The SEC alongside other federal agencies has been looking at ways to cut staff and costs to meet demands from the Trump administration.