I currently believe this is effectively what the letter is offering, but most of the (social) media response disagrees with me.

“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 September 30, 2025.” (Emphasis added.)

My reading of this is that federal jobs come with a workload and a (at least partial) return-to-office mandate. Instead of technically firing people, this letter is offering to remove all two of their job responsibilities.

Most people seem to think you would still have to WFH if you took the resignation offer; I'm not really sure why they believe that.

Whether or not Trump/Musk can be trusted to actually deliver the cash is immaterial to the resolution of this market.