USAID Workforce Slashed From 10,000 to Under 300 as Elon Musk’s DOGE Decimates Agency
USAID Workforce Slashed From 10,000 to Under 300 as Elon Musk’s DOGE Decimates Agency
Recent reports have revealed that the United States Agency for International…
USAID Workforce Slashed From 10,000 to Under 300 as Elon Musk’s DOGE Decimates Agency
Recent reports have revealed that the United States Agency for International Development (USAID) has seen a drastic reduction in its workforce from 10,000 employees to under 300 due to the impact of Elon Musk’s Dogecoin (DOGE) cryptocurrency on the agency’s funding.
Elon Musk, the CEO of Tesla and SpaceX, has been a vocal supporter of DOGE and has made several tweets and statements that have caused significant fluctuations in the cryptocurrency’s value.
USAID, which is responsible for providing aid and development assistance to countries around the world, reportedly had a significant portion of its budget invested in DOGE, hoping to see substantial returns to fund its programs.
However, the volatility of the cryptocurrency market, particularly surrounding DOGE, has led to massive losses for USAID, forcing the agency to make drastic cuts to its workforce to stay afloat.
Many employees have been laid off or furloughed as a result of the funding crisis, leaving the agency severely understaffed and struggling to fulfill its mission.
Critics have pointed to the risky investment strategy of relying on cryptocurrency as a means of funding essential humanitarian work, calling for greater oversight and accountability within USAID.
Despite the setbacks, USAID officials have expressed determination to find new sources of funding and rebuild the agency to continue its important work in helping those in need around the world.
Elon Musk has not publicly commented on the impact of DOGE on USAID or the broader implications of his cryptocurrency advocacy on international development efforts.
The situation serves as a cautionary tale about the risks of speculative investments and the need for responsible financial management, especially when it comes to organizations tasked with providing critical aid and support to vulnerable populations.
As USAID works to navigate this challenging period, the future of the agency remains uncertain, but its commitment to its mission of promoting global stability and prosperity remains unwavering.
