“Open Society” (Open Society Foundations, considered an undesirable organization in Russia), a network of charities, organizations and programs founded by American financier and investor George Soros, is the agency that will cut at least 40% of its staff worldwide in the coming months. reports Bloomberg.
In June, The Wall Street Journal reported that 92-year-old Soros passes control He handed over his $25 billion stock empire to his son.
The publication says that in December, the Open Society board elected his 37-year-old son, Alexander, as chairman, and the young businessman replaced his father in this post. He is also chairman of the Soros Political Action Committee.
The agency said the fund’s board had approved “significant changes” to its operating model. They include downsizing. As of the end of 2021, more than 500 employees served in the Open Society.
Bloomberg points out that changes are needed to make the organization more flexible, according to Alexander Soros and fund head Mark Malloch-Brown.
In May, rumors spread on social media that Soros died of a heart attack. Later, Soros issued a rebuttal stating that he was “alive and well”.
Formerly Elon Musk compared to He said he hates humanity with Marvel villain Soros.