Clinton Global Initiative to be “discontinued,” according to notice to NY DOL.
[Updated.] Following a bitter and controversy-filled 2016, the staff at the Clinton Global Initiative received even worse news earlier this week when CGI announced that it would be laying off its nearly two-dozen staffers.
Founded in 2005, CGI “had become the networking event of choice for corporations, nonprofits, nongovernmental organizations and wealthy philanthropists,” according to the Washington Post.
The reason cited for the layoff is “Discontinuation of the Clinton Global Initiative.”
As issues surrounding the Clinton Foundation/CGI and potential conflicts of interest plagued Hillary Clinton throughout her campaign—along with an ongoing FBI investigation—the Clinton Foundation has seemingly seen its donations drop substantially following Hillary Clinton’s loss in November, causing Bill Clinton personally pledge to match donors’ contributions.
In September, the Washington Post reported that the Clinton Foundation would be undergoing a major restructuring—which included the discontinuation of CGI—regardless whether Hillary Clinton won the presidency.