In May 2024, the Internet Corporation for Assigned Names and Numbers (ICANN), the nonprofit responsible for coordinating the Internet's domain name system, implemented organizational changes, including layoffs, to address a structural financial deficit. Facing persistently high inflation, a 20% rise in travel costs, and stagnant to slightly declining funding, ICANN's projected operating expenses were exceeding its revenue. To ensure long-term financial stability and sustainability, the organization restructured, resulting in an unspecified number of staff reductions as part of broader cost-cutting measures.
