500 jobs to go: Gates Foundation confirms major layoffs despite record $9 billion budget
The Bill Gates Foundation has set a $9 billion budget for this year, while also planning to reduce staff by 500 over the next five years. They aim to limit operating costs to 14% to allocate more funds towards their programs and beneficiaries. CEO Mark Suzman emphasizes cost control to achieve their humanitarian goals before the foundation's planned closure in 2045.