If the Trump administration reaches its goal of cutting 5% to 10% of staff, more than 100,000 people will leave the federal workforce, making it by far the largest layoff in U.S. history. The current record-holder is IBM, which cut 60,000 jobs in 1993.

Here’s what we know about the deferred resignation program offered to federal employees by the Trump administration.

By midnight today, federal workers must decide whether to accept or reject Trump’s buyout offer. What will happen to those who reject the offer and decide not to resign?

Eligible federal workers must decide by 11:59 pm ET on Thursday whether to take the Trump administration’s deferred resignation offer, which will allow them to leave their jobs but be paid through the end of September.

The scheme is part of an ongoing effort by the new administration to slash the size of the federal bureaucracy.

A judge temporarily halted the Trump administration's federal buyout program. MSNBC legal correspondent Lisa Rubin breaks it down. Author of "Why Presidents Fail and How They Can Succeed Again" Elaine Kamarck and the Atlantic staff writer Tom Nichols join Katy Tur to weigh in.

About 60,000 U.S. federal employees have accepted a buyout offer from President Donald Trump's administration, a source told Reuters on Thursday, ahead of a deadline that has been pushed back to at least Monday.

Unions representing many of the nation’s 2.3 million federal workers charge that the administration’s “unprecedented offer” violates the law.

The administration set a deadline for Thursday at 11:59 p.m. Eastern for employees to decide on the offer. But a federal judge in Massachusetts paused the deadline until at least a hearing set for Monday at 2 p.