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January 22, 2024

AOC’s Democratic Socialists of America face ‘financial crisis,’ layoffs imminent.


A left-wing group affiliated with Rep. Alexandria Ocasio-Cortez, D-NY, and other prominent congressional members, the Democratic Socialists of America (DSA), is facing a dire cash crunch that could lead to job losses. The organization is in a “financial crisis” and has proposed cutting $500,000 from staff-related expenses, potentially leading to layoffs. The DSA’s financial struggles have forced leaders to consider significant budget cuts. Some critics of the organization have pointed to its response to Hamas’ attacks on Israel as a reason for leaving the group.

The Democratic Socialists of America, an organization affiliated with Rep. Alexandria Ocasio-Cortez and other prominent congressional members, is currently facing a financial crisis that may result in job losses. The organization is reportedly looking to cut $500,000 from staff-related expenses, potentially through layoffs or voluntary position cuts. The organization’s leaders attribute the financial crisis to the fact that staff-related costs account for a significant portion of their total expenditures. They believe that drastic budget cuts are necessary to ensure the organization’s financial viability.

While the DSA’s financial troubles have caught the attention of some, critics have pointed to the organization’s response to attacks by Hamas on Israel as a reason for leaving the group. One founding member of the DSA left to protest what he called the organization’s “politically and morally bankrupt response” to the attacks. He criticized the DSA for not mentioning or criticizing Hamas in their statement and instead blaming Israel for the events.

It remains to be seen how the DSA will navigate its financial crisis. If the proposed budget cuts are implemented, it could lead to significant changes within the organization, including job losses. As of yet, neither Rep. Ocasio-Cortez nor the DSA have responded to requests for comment.