USAID Workforce Slashed From 10,000 to Under 300 as Elon Musk’s DOGE Decimates Agency
Recently, USAID (United States Agency for International Development) experienced a drastic reduction in its workforce, going from 10,000 employees to under 300. This massive cut was attributed to the impact of Elon Musk’s cryptocurrency Dogecoin (DOGE) on the agency’s funding.
Elon Musk’s tweets and endorsements of DOGE led to a surge in its value, resulting in significant losses for USAID, which had invested heavily in the digital currency. As DOGE prices plummeted, so did the agency’s resources, forcing it to scale back its operations and lay off a large portion of its staff.
The sudden downfall of USAID serves as a cautionary tale of the volatile nature of cryptocurrencies and their potential to disrupt traditional institutions and systems. It also highlights the need for careful risk management and diversification of investments in the face of such market fluctuations.
