Uncle George isn't in charge anymore

Quote:George Soros’ Open Society Foundations will lay off at least 40% of its staff one month after the 92-year-old announced he handed the reins of the multi-billion-dollar foundation to his son, Alexander Soros.

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.

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I’m shocked socialist / communists are practicing elements of capitalism. I can’t believe they don’t just open the doors of their business to every progressive looking to cash in on capitalism.

Instead of laying off employees shouldn’t they have taken the salaries of the employees they are keeping, pooled them and paid everyone the same regardless of the job they performed.