Meta CEO Mark Zuckerberg and his wife Priscilla Chan’s charitable foundation laid off dozens of employees Wednesday in an ostensible restructuring.
The Chan Zuckerberg Initiative, which was founded and is led by the couple, laid off 48 employees, a foundation spokesperson told Insider.
CZI sent hundreds of millions of dollars, dubbed “Zuckbucks,” to an organization called the Center for Tech and Civic Life, which used the funds to help administer elections in 2020 in largely Democratic districts in multiple states, which critics argued was an attempt to boost turnout.
A CZI employee verified the firings on the widely used tech worker app Blind, describing the situation as a “bloodbath,” according to Insider.
The layoffs are aimed at reorganizing CZI’s approach to philanthropic grants and financing education advancement, according to The 74 Million.
A spokeswoman for CZI confirmed the details of The 74 Million’s reporting in a statement to Insider.
“Guided by insights from our grantees, research, and educators, our work in education continues to evolve, and the structure of our teams has changed as a result,” she added.
Big News We’re launching a new research hub in Chicago. #CZBiohubCHI will bring together scientists + engineers at @UChicago, @NorthwesternU & @UofIllinois to build new tech + gain insights into how inflammation impacts our cells pic.twitter.com/74KdUObang
— Chan Zuckerberg Initiative (@ChanZuckerberg) March 2, 2023
It is the nonprofit organization’s second significant staff reduction in three years.
People have described Zuckerberg’s contributions as “Zuckbucks.”
CZI did not immediately respond to the DCNF’s request for comment.
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