This story is developing...
New CEO Hannah Giles has laid off most of the employees of Project Veritas in a cost-cutting measure while the company refocuses its efforts going forward. In the near term, PV will operate on a skeleton staff, Giles told CDM.
Sources tell CDM donations collapsed after O'Keefe left PV, and today's decision was not vindictive at all, but simply a way to save the organization from collapse. The business model was not sustainable.
Past excessive spending was also a factor.
CDM will report more as we get information...
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