Red Cross to shed nearly 2,900 jobs, scale back budget

GENEVA: The International Committee of the Red Cross said it was cutting its 2026 budget by 17 percent amid declining donor contributions and would slash thousands of jobs. The ICRC said “a challenging financial environment in the humanitarian sector” had led its assembly to approve a 2026 budget of 1.8 billion Swiss francs ($2.2 billion) — down 17 percent compared to this year. The organization warned that the cuts were coming at a time when the number of conflicts worldwide and the need for aid were surging.

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