Friday, 16 January, 2026
Gates Foundation Sets Record $9 Billion Budget While Cutting 500 Positions
The Bill & Melinda Gates Foundation has announced its largest-ever annual budget of $9 billion for 2026 to tackle global health and poverty. Despite the record funding, the organization is cutting 500 jobs as part of a strategic restructuring to increase operational efficiency. This move aims to streamline resources toward direct grant-making and high-impact initiatives, ensuring more capital reaches frontline global challenges.
Read full story at Economic Times