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 scrutiny over past interactions between Gates and Epstein. Gates is scheduled to appear before the House Oversight and Government Reform Committee on June 10 for questioning related to those ties.
The foundation did not immediately respond to requests for comment.
Gates has previously acknowledged meeting Epstein and apologized to foundation staff for the association, while denying any wrongdoing. He has also said he “did nothing illicit” in connection with Epstein.
Epstein, who pleaded guilty in 2008 to state charges involving solicitation of a minor and later faced federal sex trafficking charges, died in jail in 2019.
Separately, Berkshire Hathaway chairman Warren Buffett, one of the largest donors to the Gates Foundation, said earlier this year that he has not spoken with Gates since Epstein-related communications involving Gates became public, noting he wanted to avoid becoming entangled in potential inquiries.
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