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.
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