: Soros nonprofit to cut staff by 40%: report

Open Society Foundations, the progressive nonprofit founded by George Soros, plans to slash staff by roughly 40% as it tries to streamline and speed up decision-making within the organization, the Wall Street Journal reported on Monday. The Journal said the organization, which employs roughly 800 people, was unlikely to pull back on its commitments to different causes, which include funding other groups advocating for human rights. The decision was made months ago and was unrelated to Soros’ decision to transfer control of his financial empire to Alex Soros, his 37-year-old son, the Journal said.

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