Actor Sean Penn’s Charity Lays Off 28 in Anticipation of $20 Million Deficit
- Slower-than-expected fundraising contributed to shortfall
- Affected jobs include headquarters staff, field employees
Sean Penn
Photographer: Cindy Ord/Getty ImagesThis article is for subscribers only.
Actor Sean Penn’s disaster-relief nonprofit CORE Response is laying off 28 staffers as it tightens its belt in anticipation of a $20 million deficit for 2023.
CORE told employees this month that fundraising was slower than expected this year, which contributed to the ongoing deficit, and that the layoffs are “necessary to fundamentally change this trend and ensure CORE’s ongoing operations beyond 2024,” according to a copy of an internal presentation seen by Bloomberg.