Close Menu
The Financial News 247The Financial News 247
  • Home
  • News
  • Business
  • Finance
  • Companies
  • Investing
  • Markets
  • Lifestyle
  • Tech
  • More
    • Opinion
    • Climate
    • Web Stories
    • Spotlight
    • Press Release
What's On
5 Companies Winning With AI And What They Are Doing Differently

5 Companies Winning With AI And What They Are Doing Differently

July 14, 2026
Why ‘Moana’ Is Failing While Other Live-Action Remakes Have Succeeded

Why ‘Moana’ Is Failing While Other Live-Action Remakes Have Succeeded

July 14, 2026
Unresolved Cyclospora Parasite Outbreak Raises Questions About CDC Cuts

Unresolved Cyclospora Parasite Outbreak Raises Questions About CDC Cuts

July 14, 2026
Key Matchups To Kick Off The 2026 College Football Season

Key Matchups To Kick Off The 2026 College Football Season

July 14, 2026
The Pentagon Just Paused Its Cybersecurity Certification Program. Here’s What Everyone Is Missing.

The Pentagon Just Paused Its Cybersecurity Certification Program. Here’s What Everyone Is Missing.

July 14, 2026
Facebook X (Twitter) Instagram
The Financial News 247The Financial News 247
Demo
  • Home
  • News
  • Business
  • Finance
  • Companies
  • Investing
  • Markets
  • Lifestyle
  • Tech
  • More
    • Opinion
    • Climate
    • Web Stories
    • Spotlight
    • Press Release
The Financial News 247The Financial News 247
Home » Gates Foundation cutting 20% of staff, launches review of Jeffrey Epstein ties: report

Gates Foundation cutting 20% of staff, launches review of Jeffrey Epstein ties: report

By News RoomApril 21, 2026No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn WhatsApp Telegram Reddit Email Tumblr
Gates Foundation cutting 20% of staff, launches review of Jeffrey Epstein ties: report
Share
Facebook Twitter LinkedIn Pinterest Email

The Gates Foundation is cutting up to 500 jobs, or roughly 20% of its staff, over the next several years and has opened an external review of its engagement with the late financier and convicted sex offender Jeffrey Epstein, the Wall Street Journal reported Tuesday, citing an email the philanthropic group sent to its staff. 

The foundation has been mired in controversy due to Chairman Bill Gates’ association with Epstein. A release of emails in January by the Justice Department also showed communication between Epstein and the Gates Foundation’s staff.

Gates Foundation CEO Mark Suzman said in the memo on Tuesday, seen by the Journal, that he commissioned an external review of the foundation’s engagement with Epstein and policies for vetting and developing new philanthropic partnerships.

Bill Gates speaking at the Gates Foundation's Goalkeepers event.
Bill Gates started the Gates Foundation in 2000.

“This is a challenging time for our organization in many ways, but it also highlights the critical importance of taking the tough actions now,” Suzman said in the memo, adding that an update on the review is expected in the summer, the Journal reported.

The foundation did not immediately respond to Reuters’ request for comment.

It said in February that it did not make any financial payments to Epstein or employ him at any time and that it regrets having any employees interact with him in any way.

The DOJ documents also included photos of Bill Gates posing with Epstein, as well as with women whose faces were redacted.

Gates has said his relationship with Epstein was confined to philanthropy, and that it was a mistake to meet with him. He has also denied spending time with victims of the financier’s sexual abuse.

Financier Jeffrey Epstein in a photograph for a sex offender registry.
The foundation has been reeling from disclosures about the Microsoft billionaire’s association with convicted sex offender Jeffrey Epstein.

A spokesperson for the organization told Reuters that during a town hall meeting with foundation employees in February, Gates “took responsibility for his actions” regarding his ties to Epstein.

Bill Gates is the chair and board member of the foundation started by him and his then-wife in 2000, which is one of the world’s biggest funders of global health initiatives.

The organization started by Microsoft co-founder Bill Gates and his then-wife in 2000 is one of the world’s biggest funders of global health initiatives. Bill Gates is the chair and board member of the foundation.

Bill Gates Business gates foundation jeffrey epstein layoffs US News
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related News

5 Companies Winning With AI And What They Are Doing Differently

5 Companies Winning With AI And What They Are Doing Differently

July 14, 2026
Elon Musk, Sam Altman feud reignites after Apple sues OpenAI

Elon Musk, Sam Altman feud reignites after Apple sues OpenAI

July 13, 2026
California sues to block 0B Paramount-Warner Bros. merger

California sues to block $110B Paramount-Warner Bros. merger

July 13, 2026
LA Times’ billionaire owner repeatedly fell behind on payments to Catherine Herridge, vendors: report

LA Times’ billionaire owner repeatedly fell behind on payments to Catherine Herridge, vendors: report

July 13, 2026
Fed governor warns of possible interest-rate hikes if inflation comes in hot this week

Fed governor warns of possible interest-rate hikes if inflation comes in hot this week

July 13, 2026
Three World Trade Center inks deal with event space Glasshouse to fill longtime vacancy

Three World Trade Center inks deal with event space Glasshouse to fill longtime vacancy

July 13, 2026
Add A Comment
Leave A Reply Cancel Reply

Don't Miss
Why ‘Moana’ Is Failing While Other Live-Action Remakes Have Succeeded

Why ‘Moana’ Is Failing While Other Live-Action Remakes Have Succeeded

News July 14, 2026

Disney’s live-action remake of Moana has tanked at the box office, and there is no…

Unresolved Cyclospora Parasite Outbreak Raises Questions About CDC Cuts

Unresolved Cyclospora Parasite Outbreak Raises Questions About CDC Cuts

July 14, 2026
Key Matchups To Kick Off The 2026 College Football Season

Key Matchups To Kick Off The 2026 College Football Season

July 14, 2026
The Pentagon Just Paused Its Cybersecurity Certification Program. Here’s What Everyone Is Missing.

The Pentagon Just Paused Its Cybersecurity Certification Program. Here’s What Everyone Is Missing.

July 14, 2026
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Our Picks
Powerball Jackpot Hits 8 Million—Here’s What The Winner Could Take Home

Powerball Jackpot Hits $498 Million—Here’s What The Winner Could Take Home

July 14, 2026
Tuesday’s New Moon Sets Up A Total Solar Eclipse In 29 Days

Tuesday’s New Moon Sets Up A Total Solar Eclipse In 29 Days

July 14, 2026
IRS Announces Increase In Standard Mileage Rates For The Second Half Of 2026

IRS Announces Increase In Standard Mileage Rates For The Second Half Of 2026

July 14, 2026
How Bordeaux Is Adapting Fine Wine For A Hotter Future

How Bordeaux Is Adapting Fine Wine For A Hotter Future

July 13, 2026
The Financial News 247
Facebook X (Twitter) Instagram Pinterest
  • Privacy Policy
  • Terms of use
  • Advertise
  • Contact us
© 2026 The Financial 247. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.