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Gates Foundation reviews Epstein ties and plans 20% staff cuts by 2030

Market News
21 Apr 2026
CNBC
View Source
Bearish
pluang ai news

The Gates Foundation has initiated an external review of its past connections with Jeffrey Epstein, the convicted sex offender. Additionally, the foundation plans to reduce its workforce by up to 500 jobs, about 20% of its staff, by 2030 to cut costs. Bill Gates, co-founder of the foundation, is scheduled to testify about Epstein to the House Oversight Committee on June 10. These moves come amid scrutiny of Gates' association with Epstein and efforts to manage the foundation's $9 billion budget more efficiently.

More News (MSFT)

Jim Cramer warns Big Tech rally may be driven by optimism, not fundamentals.

Jim Cramer warns Big Tech rally may be driven by optimism, not fundamentals.

Jim Cramer cautioned that the recent rally in Big Tech stocks like Alphabet, Microsoft, Meta, and Amazon might be more about investor optimism than real improvements in their business fundamentals. Despite positive news such as Warren Buffett's endor...

Market News
Neutral
5 hours ago
Microsoft patches critical security bug in Age of Empires II allowing remote takeover

Microsoft patches critical security bug in Age of Empires II allowing remote takeover

Microsoft fixed a major security vulnerability in the remastered Age of Empires II that could let hackers take control of a victim's computer by sending a malicious game invite. The flaw, discovered with AI assistance, allowed remote code execution i...

Market News
Neutral
9 hours ago
Class action deadlines set for investors in ERAS, NNOX, MSFT, and BRCB over alleged misleading statements.

Class action deadlines set for investors in ERAS, NNOX, MSFT, and BRCB over alleged misleading statements.

Law Offices of Howard G. Smith has announced deadlines for investors to file lead plaintiff motions in securities fraud class actions against Erasca, Nano-X Imaging, Microsoft, and Black Rock Coffee Bar. The lawsuits allege these companies made false...

Market News
Bearish
10 hours ago
State Street's SPYM ETF chosen for Trump Accounts, offering low-cost S&P 500 exposure for newborns.

State Street's SPYM ETF chosen for Trump Accounts, offering low-cost S&P 500 exposure for newborns.

The State Street SPDR Portfolio S&P 500 ETF (SPYM) has been selected as the default investment for the new Trump Accounts program, which provides eligible newborns with a $1,000 Treasury contribution invested in this fund. SPYM tracks the S&P 500 ind...

Market News
Bullish
11 hours ago
Microsoft issues record 570 security patches, aided by AI to find more vulnerabilities.

Microsoft issues record 570 security patches, aided by AI to find more vulnerabilities.

Microsoft released a record 570 security patches for Windows, Office, and other products, citing AI assistance in uncovering more software vulnerabilities. Among these are two zero-day flaws actively exploited by hackers, including one affecting Wind...

Market News
Neutral
11 hours ago
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