The Department of Government Efficiency (DOGE), led by Tesla Inc. TSLA CEO Elon Musk and Vivek Ramaswamy, is seeking high-IQ candidates to reduce federal inefficiencies under President-elect Donald Trump.

What Happened: On Thursday, DOGE’s official account on X, formerly Twitter, posted a call for applicants willing to work 80+ hours a week to streamline government spending and cut bureaucracy.

DOGE, also referencing the cryptocurrency Dogecoin DOGE/USD, will focus on reducing waste, cutting excess regulations, and restructuring agencies for efficiency.

Interested candidates are asked to DM their CVs, with Musk and Ramaswamy reviewing the top 1% of applicants.

See Also: Elon Musk’s Mom Knew He Was A ‘Genius’ By 3 Years Old But Worried He’d ‘End Up In A Basement’ – Now He’s The Richest Man In The World

The department’s mission is to reduce government bureaucracy, eliminate unnecessary regulations, cut wasteful expenditures, and restructure federal agencies.

Why It Matters: The requirement to join DOGE mirrors Musk’s infamous 2022 middle-of-the-night email to Twitter employees, urging them to be “extremely hardcore” and work “long hours at high intensity.”

Earlier, Gene Munster of Deepwater Asset Management cautioned that Musk’s efficiency plans could take years to achieve a $2 trillion reduction in government spending.

Senator Ted Cruz (R-Texas) also warned that running DOGE won’t be easy, while Robert Reich, a Clinton-era official, raised concerns about potential conflicts of interest.

Trump previously said that the DOGE department’s work is expected to be completed by July 4, 2026, at the latest.

Price Action: Dogecoin is currently valued at $0.3669, showing a 6.17% decrease in the past 24 hours. Meanwhile, DOGE’s trading volume has fallen by 38.96%, totaling $15.94 billion as of this writing.

Tesla shares closed Thursday’s session down 5.77%, finishing at $311.18. In after-hours trading, the stock dropped further to $307.61 at the time of writing, according to the data from Benzinga Pro.

Photos courtesy: Shutterstock and Gage Skidmore on Flickr

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Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.