Story perspectives

Gates Foundation Announces Job Cuts Amid Epstein Review

4/22/2026

Summary

Story summary

Bill Gates spoke at the Gates Foundation's Goalkeepers event in Stockholm, Sweden, on January 22, 2026, where the foundation announced an external review of its past ties with Jeffrey Epstein.
The foundation plans to cut up to 500 jobs, about 20% of its workforce, by 2030, as CEO Mark Suzman emphasized the need for tough actions during challenging times.
The foundation's 2026 budget is approximately $9 billion, with operating expenses capped at $1.25 billion.
Gates is scheduled to testify about Epstein on June 10, after previously apologizing to staff for his association with Epstein and admitting to affairs with two Russian women.

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Story summary

Bill Gates spoke at the Gates Foundation's Goalkeepers event in Stockholm, Sweden, on January 22, 2026, where the foundation announced an external review of its past ties with Jeffrey Epstein.
The foundation plans to cut up to 500 jobs, about 20% of its workforce, by 2030, as CEO Mark Suzman emphasized the need for tough actions during challenging times.
The foundation's 2026 budget is approximately $9 billion, with operating expenses capped at $1.25 billion.
Gates is scheduled to testify about Epstein on June 10, after previously apologizing to staff for his association with Epstein and admitting to affairs with two Russian women.