Sorry, no. Hanlon's razor is usually smart and correct, for the majority of cases, including this one.

In this case, it is a huge stretch to ascribe DOGE to incompetence or to stupidity. Thus, we CAN ascribe it to malice.

Elon Musk and Donald Trump are many things, but they are NOT stupid and NOT incompetent. Elon is the richest man in the world running some of the most innovative and important companies in the world. Donald Trump has managed to get elected twice despite the fact (because of the fact?) that he a serial liar and a convicted criminal.

They and other actors involved have demonstrated extraordinary malice, time and time again.

It is safe to ascribe this one to malice. And Hanlon's Razor holds.