The Human Rights Campaign (HRC) plans to cut approximately 20% of its workforce, affecting about 50 employees, as part of a restructuring to adapt to financial challenges and political pressures against the LGBTQ+ community. Despite a successful fundraising history, raising $85 million in fiscal year 2023 against a budget of $63 million, the organization's expenses have recently outstripped its income, resulting in a decline in net assets. Leadership acknowledges a shift in operational strategy is needed to navigate these evolving realities, aiming for a leaner, more sustainable organizational structure.
In recent years, the Human Rights Campaign has experienced significant fundraising success, with revenues exceeding expectations, but its financial model is now viewed as unsustainable.
The decision to lay off approximately 20% of its workforce reflects the need to operate differently in response to external political threats and internal budget realities.
Despite exceeding its fundraising goals, HRC's total expenses have outstripped its revenues, leading to a notable decline in net assets, prompting a major restructuring.
As it faces a shift in financial dynamics, HRC expects to have around 180 staff members post-layoffs, down from about 230 before the changes.
Collection
[
|
...
]