Soros Foundation Slashes over 40% of Staff, Shutters Offices Around the World

 

The Open Society Foundation, led by George Soros, is undergoing its second ​major restructuring in ⁢three years, resulting in a significant reduction of staff ​worldwide. This move comes as the organization’s board of‍ directors decided to downsize and close offices, ⁤according to emails obtained by Bloomberg. 

“With the decision by the board in June to cut the staff ⁣by more than 40%, ⁣our staffing size and footprint‍ by necessity ⁤needs to diminish,” said OSF ⁢Vice​ President of Programs Binaifer Nowrojee in one of ‌the emails.

“We no longer have​ the bandwidth to operate multiple small offices, and thus the decision to further reduce ​our locations,” Nowrojee added.

Following these cuts, the ‍number⁣ of OSF employees will be less than 500, a significant decrease‌ from the nearly 1,700 employed‍ in 2021. Bloomberg reported that several OSF offices in Africa will be closed by the end of the year,​ leaving‍ them without any employees. Additionally, offices⁢ in Barcelona and Baltimore will also be shut down...more