The U.S. government agency that provides benefits to tens of millions of older Americans plans to cut 7,000 workers, it announced on Friday, as part of the Trump administration's plan to slash the size of the federal workforce.

On Friday, as Elon Musk was calling Social Security “the biggest Ponzi scheme of all time,” the Social Security Administration announced 7,000 job cuts and a restructuring plan that will cripple the agency’s ability to serve the more than 70 million people who receive benefits each month.