Soros Closes Offices Across $25 Billion Philanthropy Empire (1)

The $25 billion international network of foundations started by George Soros is shuttering offices around the world as it prepares to cut more than 40% of its staff.

Employees of the Open Society Foundations’ Africa operations received correspondence last week detailing the next steps of the process, which includes closing half a dozen offices on the continent in addition to its Baltimore and Barcelona locations, according to a copy of the emails seen by Bloomberg.

“With the decision by the board in June to cut the staff by more than 40%, our staffing size and footprint by necessity needs to ...