Tata Trusts restructures operations for cost reduction, eliminates CFO and COO roles.

Tata Trusts is restructuring its operations to reduce management costs following Ratan Tata's passing. An internal audit revealed a significant rise in staffing expenses, prompting the elimination of the CFO and COO roles and a decrease in reliance on external consultants. The aim is to focus more on core philanthropic initiatives and streamline decision-making through a leaner executive committee, aligning with evolving global philanthropic models.