342 The International Committee of the Red Cross said it would cut some 1,5000 jobs and roll back operations in some locations as budgets for humanitarian aid are expected to decrease. The Geneva-based organisation said its governing board last week approved 430 million CHF ($475.30 million) in cost reductions over 2023 and early 2024. “Approximately 1,500 jobs worldwide will have to be cut over the coming 12 months,” ICRC said in a statement on Tuesday. “At least 20 of currently 350 locations around the world will close where, for example, the area can be covered by another ICRC office, or where other humanitarian or development partners can take over. We will also be scaling back and closing some of our programmes. You Might Be Interested In Global Fintech pioneer Olugbenga Agboola joins WSJ CEO council Morgan Stanley and HSBC Cut Asia Investment Banking Jobs Amid Slowdown Nike Executives Plan ‘Biggest’ Olympics Spend as Marketing Intensifies Amazon using monopoly power to hurt consumers, rivals and sellers, FTC claims OCBC Announces Leadership Changes to Strengthen Greater China Coverage EQT to Offload Rimes to Five Arrows, Strengthening Investment Industry Solutions