The Gates Foundation, co-founded by Microsoft billionaire Bill Gates, will eliminate as many as 500 jobs in the coming years.
According to an internal email reviewed by The Wall Street Journal, the foundation also opened an external review of its ties to the deceased sex offender and suspected sex trafficker Jeffrey Epstein.
Those 500 jobs, set to be phased out by 2030, represent approximately 20 percent of the organization’s total workforce.
According to the email, the foundation plans to cut 200 of those jobs by the end of 2027. Reductions in travel and other expenses will accompany the cuts.
“This is a challenging time for our organization in many ways, but it also highlights the critical importance of taking the tough actions now,” Gates Foundation CEO Mark Suzman wrote in the email.
When the Justice Department released files on Epstein in December and again in January, Gates’ name figured prominently.
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