GATES FOUNDATION LAUNCHES REVIEW OF EPSTEIN TIES AS IT PLANS MAJOR JOB CUTS AND COST REDUCTIONS. (PHOTO).
Gates Foundation launches review of Epstein ties as it plans major job cuts and cost reductions The Gates Foundation has launched an external review into its past connections with convicted sex offender Jeffrey Epstein, while also announcing plans for major staff reductions and tighter cost controls, according to internal communications. The review comes as the foundation prepares to eliminate up to 500 jobs—about 20% of its workforce—by 2030 as part of a broader restructuring effort aimed at reducing operating expenses. The organization also plans to cap its annual operating costs at $1.25 billion, despite a projected 2026 budget of roughly $9 billion. Foundation CEO Mark Suzman described the moves as difficult but necessary in a message to staff, noting that the changes reflect “a challenging time” and the need to take “tough actions” to ensure long-term stability. The Gates Foundation, founded by Microsoft co-founder Bill Gates and Melinda French Gates, has faced renewed scruti...

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