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Elon Musk is expected step back from his role leading the Department of Government Efficiency once his 130-day period as a temporary adviser to President Donald Trump has lapsed, but the billionaire will still wield significant influence over the federal cost-cutting effort and remain a Trump confidant after his formal departure, according to people familiar with the matter. Musk, the world's richest person, is a special government employee, a classification for temporary federal hires who are only supposed to work 130 days out of the year in their roles. If those days are counted consecutively from Trump's inauguration, Musk's tenure would be on track to end on May 30. A formal date hasn't been set and the White House counsel's office is in charge of determining when Musk has worked his 130 days, the people said, who requested anonymity to discuss deliberations that aren't public. However, DOGE, the federal entity that has led a swift and often tumultuous effort to slash the federal budget and downsize the government workforce, is here to stay, the people said. DOGE workers will continue to hold their posts in agencies as they seek further cost and personnel cuts, the people said. Read more: https://www.bloomberg.com/news/newsle... -------- Subscribe to our YouTube channel: https://trib.al/KM4k5RA Subscribe to Bloomberg Originals: https://trib.al/dJv9Uw8 Bloomberg Quicktake brings you global social video spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. Connect with us on… YouTube: / bloomberg Breaking News on YouTube: / @bloombergquicktakenow