Gates Foundation (GF) plans 20% staff reduction, reviews Epstein ties

AI Summary

The Gates Foundation (GF) will eliminate up to 500 jobs, representing 20% of its workforce, by 2030, as part of cost-cutting measures. The foundation's 2026 budget is approximately $9 billion, and it plans to cap its operating expenses at $1.25 billion. An external review of the foundation's past ties with Jeffrey Epstein has also been initiated. This restructuring and reevaluation of past associations are critical actions amid financial and reputational challenges facing the organization.