The Bill & Melinda Gates Foundation is set to reduce its workforce by up to 500 roles, or around 20% of its staff, as per the reports over the coming years as part of a broader restructuring plan. The move is linked to efforts to manage costs and align operations with its long-term financial framework.
The foundation currently employs over 2,300 people and has outlined a phased approach to job cuts through 2030. In the first phase, about 200 roles are expected to be reduced by the end of 2027. The restructuring is tied to its 2026 budget of approximately $9 billion, with a target to cap operating expenses at $1.25 billion. Alongside workforce changes, the organisation is also reviewing spending across areas such as travel and administrative costs.
In parallel, the foundation has initiated an independent review into its past interactions with Jeffrey Epstein. The review is examining how partnerships were evaluated and aims to strengthen internal policies related to external engagements. The process began earlier this year and an update is expected in the coming months.
As per the reports, the developments come amid continued scrutiny of Bill Gates and his past association with Epstein. Gates has previously acknowledged the relationship and apologized at a town hall, while maintaining he was not involved in Epstein’s criminal activities. He is also expected to testify before the U.S. Congress regarding these links.
“This is a challenging time for our organization in many ways, but it also highlights the critical importance of taking the tough actions now,” Gates Foundation CEO Mark Suzman wrote in the memo. Suzman told employees that a recent board meeting in London included a session on the impact of the Justice Department’s Epstein files and how they relate to the foundation’s work and reputation.
The foundation manages an endowment of around $86 billion and focuses on global health and development initiatives, particularly in Africa. It is expected to wind down operations by 2045. In recent years, governance changes have included the exit of Melinda French Gates and Warren Buffett from the board, with Buffett also indicating uncertainty about future contributions.
