It's all about damage control and the systematic throwing of an entire department under the bus, but I can't see that happening. Barry is all about increasing the size of gubmint and its control, not eliminating entire sections of it.
The number of cuts mentioned - 450 agents - is a drop in the overall bucket, though. If that is what it takes to distance Barry and his thugs from Fast and Furious, it's an option. But....
Ain't gonna happen.