Soros foundation cuts 40% workforce after son takes over.

George Soros-controlled Open Society Foundations is all set to lay off at least 40 per cent of its workforce a month after the 92-year-old US investor handed the reins to his son, Alexander Soros.

The Open Society Foundations announced the layoffs in a statement, which was signed by Alexander Soros and the foundation’s president, Mark Malloch-Brown. It said the foundation would undergo “significant changes” to its operating model.

https://www.businesstoday.in/latest/world/story/george-soros-foundation-lays-off-40-of-workforce-after-billionaire-investors-son-takes-over-387832-2023-07-01#:~:text=George%20Soros-controlled%20Open%20Society,to%20his%20son,%20Alexander%20Soros.