19 Dec '17, 4pm

ICANN, with $143 million budget, running out of cash

ICANN, with $143 million budget, running out of cash Kevin Murphy , December 19, 2017, 16:27:38 (UTC), Domain Policy ICANN is to tighten its belt over the coming year as lower than expected revenue from domain name registrations has caused a budget shortfall and dwindling reserves. The organization is $1 million short so far in its fiscal 2018, which CEO Goran Marby says is forcing him to look at making cuts to staffing costs, travel expenses, and community-requested projects. Meanwhile, chair Cherine Chalaby says the board of directors is worried that ICANN’s reserve fund is $80 million shy of where it ideally should be. Both men outlined their priorities in separate end-of-year blog posts this week. It does not yet appear that anyone’s job is on the line. Marby indicated that headcount would be reduced through attrition — sometimes not replacing staff who leave — rather ...

Full article: http://domainincite.com/22407-icann-with-143-million-budg...

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