George Soros shutters offices across $25 billion philanthropy empire
Thursday, 12 October 2023 The Open Society Foundations, a network of foundations founded by George Soros, is closing offices worldwide and cutting more than 40% of its staff. The closures include offices in Africa, Barcelona, and Baltimore. The decision to reduce staff and office locations is due to a need to operate more efficiently. The charity currently distributes over $1 billion in grants annually, with over $100 million going to Africa. Alex Soros, George Soros' son, is now the chairman of the organization.
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Thursday, 12 October 2023
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