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Updated · CNBC · Apr 21Gates Foundation to Review Epstein Links and Cut 20% of Staff
5 articles · Updated · CNBC · Apr 21
- The Gates Foundation is reviewing its ties to Jeffrey Epstein and plans to cut up to 20% of its staff by 2030.
- CEO Mark Suzman announced the job cuts and review in a memo, citing the need for tough actions amid a challenging period.
- The foundation, with a $9 billion budget, faces scrutiny following Bill Gates' past association with Epstein and recent staff apologies.
Will the Gates Foundation's $200 billion spend-down outrun its Epstein problem? Are 500 job cuts about maximizing grants or managing a crisis? Can a new $50 million AI health initiative salvage the foundation's reputation? With Melinda Gates gone, who now holds the moral compass at the foundation? What does the foundation's internal Epstein review truly seek to uncover? Why is Warren Buffett publicly distancing himself from Bill Gates now?