Why are you letting go many members of the Unitus team?

The board’s view is that the directions we are exploring will not require an organization of the current size and shape. This downsizing has been without question the most painful decision we have made. Our employees are extraordinary, which doubles the pain.

The fundamental reality is that the outgoing Unitus staff—bright, talented and passionate—was built for our focus on accelerating access to microfinance. We are trying to balance what we feel is our moral obligations to our staff with what we see as our fiduciary responsibility to deploy resources in order to have the greatest impact toward sustainably reducing global poverty. All employees were given reasonable notice and offered severance pay commensurate with their seniority and tenure with Unitus.

Going forward, we feel that the most responsible thing to do is to gauge our human resource needs as the strategic direction of Unitus evolves, and fill these needs on a case by case basis with the best possible people for that ... more.

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