Cody Derespina of Fox News reports Monday that an additional 22 employees are being laid off from the Clinton Global Initiative as the plan to shutter the foundation moves ahead.
Clinton Global Initiative to lay off employees, shut down amid dwindling donations https://t.co/ZoPKAOkjoj via @CDerespina pic.twitter.com/z5TWdD1mAy
— Fox News (@FoxNews) January 17, 2017
Clinton Global Initiative to close amid drop in foreign donations https://t.co/SfubuJFLK1 @edhenry
— Fox News (@FoxNews) January 16, 2017
Bill Clinton announced the plan to wind down the CGI last August, when the Clintons “were under pressure to explain how they would handle potential conflicts of interest with their namesake foundation if Democratic presidential nominee Hillary Clinton were to win the White House.” That obviously didn’t happen, but the plan to close up shop is moving ahead nonetheless.
A notice that 74 employees would be laid off was issued last October.
Underreported: “Discontinuation" of Clinton Global Initiative nonprofit after post-election drop in foreign donors https://t.co/MnrklimKzF pic.twitter.com/CF6jHHT6AH
— Anna Massoglia (@annalecta) January 17, 2017
Derespina reports that donations to CGI have dried up quickly since the election:
… since Clinton’s presidential election loss in November, other donors have cut back or stopped giving to the overarching Clinton Foundation, too. After 10 years and more than $88 million in donations, the Australian government decided against renewing its partnership with the foundation, news.com.au reported. Norway reduced its giving from $20 million in 2015 to $4.2 million in 2016.
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What a blow … to not only lose the election but see a significant drop in foreign donations pouring into your foundation, almost as if there were some connection.
https://twitter.com/knuckletits/status/821207363646590976
Donations tend to dry up quickly when buying influence is no longer an option. https://t.co/zlLi7Fb2hf
— Josh Jordan (@NumbersMuncher) January 17, 2017
https://twitter.com/thejewishright/status/821157211263082500
https://twitter.com/ongle/status/821144410549317633
I guess the Clintons are poor again… very sad
— Nicholas Holman (@hjnick01) January 17, 2017
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