The charity — which this month confirmed that Soros, 92, was handing control to his son Alex  — said Friday that its board approved “significant changes” to its operating model. That includes “a substantial reduction in head count of no less than 40% globally,” a spokesperson said.

Google co-founder Sergey Brin is setting up a new half-billion-dollar nonprofit focused on health and climate change, and filings show the majority of funding so far comes from Tesla Inc. shares.