Gates Foundation To Cut 20% of Staff, Review Epstein Ties

An anonymous reader quotes a report from Reuters: The Gates Foundation opened an external review earlier this year into its engagement with the late financier and convicted sex offender Jeffrey Epstein, the philanthropic group said on Tuesday. The foundation has been mired in controversy due to Chairman Bill Gates' association with Epstein. A release of emails in January by the U.S. Justice Department also showed communication between Epstein and the Gates Foundation's staff.

"Early this year, Gates Foundation CEO Mark Suzman commissioned an external review to assess past foundation engagement with Epstein, and our current policies for vetting and developing new philanthropic partnerships," the foundation said in a statement. "That review is underway, and we expect the board and management will receive an update this summer," it added. The Wall Street Journal, which first reported the news earlier on Tuesday, said Suzman told staff in a memo, "this is a challenging time for our organization in many ways, but it also highlights the critical importance of taking the tough actions now." The WSJ also reports that the Gates Foundation will eliminate up to 500 jobs, or about 20% of its staff, by 2030. It said the foundation has a 2026 budget of about $9 billion, but plans to cap operating expenses at $1.25 billion.

Further reading: The Bill Gates-Epstein Bombshell - and What Most People Get Wrong