Nope. Not shedding any tears over this recession-related news. Not one tear:
Hit with declines in funding from the economic crisis and the Madoff scandal, the Planned Parenthood Federation of America is laying off around 20% of its staff.
Roughly 30 people were let go earlier this week, according to a source who works for the nonprofit. Executives at Planned Parenthood confirmed the layoffs, but declined to give more details.
“As with many other nonprofit organizations, Planned Parenthood has had to make staff reductions at our headquarters due to the challenging economic times facing our country,” said Maryana Iskander, chief operating officer at the agency.
…Part of Planned Parenthood’s funding declines stem from the closing of the Florida-based Picower Foundation, which shut down in December because its assets were managed by Bernard Madoff. The $1 billion foundation was one of the few major funders of reproductive rights issues.
Hat tip: Commenter Socky