# ICRC to cut some 1,500 jobs as humanitarian budgets seen sliding
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2023-04-05
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: ICRC to Cut 1,500 Jobs Due to Budget Cuts
Meta Description: Join us to learn about the International Committee of the Red Cross' plan to reduce jobs and operations due to budget constraints. Stay informed!
URL: https://financedigest.com/icrc-to-cut-some-1500-jobs-as-humanitarian-budgets-seen-slidinghtml

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GENEVA (Reuters) – 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](https://www.financedigest.com/reckon-software-goes-from-strength-to-strength-with-appointment-of-new-partner-development-manager.html "Reckon Software goes from strength to strength with appointment of new Partner Development Manager") can take over. We will also be [scaling back](https://www.financedigest.com/mifid-ii-why-you-should-not-scale-back-your-implementation-efforts.html "MIFID II: WHY YOU SHOULD NOT SCALE BACK YOUR IMPLEMENTATION EFFORTS") and closing some of our programmes.

ICRC said several end-of-year pledges by donors had not come through “at the level we had anticipated” and that [costs had been higher](https://www.financedigest.com/boohoo-warns-on-outlook-blaming-higher-returns-and-pandemic-costs.html "Boohoo warns on outlook, blaming higher returns and pandemic costs") than planned in the last quarter of 2022.

Established in 1863, ICRC provides humanitarian aid to victims of armed conflicts.

($1 = 0.9047 [Swiss francs)](https://www.financedigest.com/swiss-franc-grapples-with-safe-haven-identity-crisis-after-credit-suisse.html "Swiss franc grapples with safe-haven identity crisis after Credit Suisse")

(Reporting by Gabrielle Tétrault-Farber; Editing by Christina Fincher)


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