Social Security offering voluntary buyouts ahead of "significant workforce reductions"

The Social Security Administration is offering financial incentives ranging from $15,000 to $25,000 to employees who choose to voluntarily resign from the federal agency, ahead of what they warn will be "significant workforce reductions."

A message sent out to employees Thursday stated that the agency will soon implement restructuring that includes workforce cuts and "massive reorganizations." 

The SSA said that wholesale "abolishment of organizations and positions" could happen, as well as reassignments and staff cuts.