. The job cuts were announced in a statement signed by Alexander Soros and the foundation’s president, Mark Malloch-Brown. It said the foundation would undergo “significant changes” to its operating model. “Through this new model, the Board aims to transform operations across the global network, with the goal of generating a nimbler organization better able to build on past achievements and confront urgent and emerging challenges,” the statement said.
In June, the senior Soros, a Hungarian-born billionaire investor, philanthropist and contributor to liberal causes, announced that he had tapped his 37-year-old son, Alexander Soros, who goes by Alex, as the organization’s new chair. In an interview in the Wall Street Journal announcing the decision, Alexander Soros said he and his father “think alike,” but that he was more political than his father.