Director of National Intelligence Tulsi Gabbard announced Wednesday that her office will cut nearly half its workforce and consolidate several intelligence centers as part of a sweeping restructuring initiative called “ODNI 2.0.”

The overhaul, billed as the largest reform since the office was created after the September 11 terrorist attacks, is expected to save taxpayers more than $700 million annually while refocusing ODNI on its core role of integrating and overseeing the intelligence community, officials said.

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