Gates foundation slashes workforce by 20%, launches external probe into Epstein ties
CEO Mark Suzman announced the foundation will cut up to 500 jobs by 2030 to cap operating expenses at $1.25 billion.
An independent external review has been commissioned specifically regarding the foundation’s engagement with Jeffrey Epstein and its partnership vetting policies.
Bill Gates is scheduled to testify before Congress in June regarding his ties to the convicted sex offender.
Warren Buffett has left the board and indicated he may not provide additional donations, noting he was unaware of details regarding Gates and Epstein.
The foundation faces a reputational crisis as it navigates layoffs, leadership departures and scrutiny over its founder’s associations.
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