The town is house to round 40 worldwide organisations in addition to 476 NGOs, in keeping with the Keystone-ATS information company.
Many of those organisations have been closely reliant on US funds, together with to pay their employees.
Geneva canton’s financial affairs minister Delphine Bachmann had warned earlier than Friday’s vote that many can be pressured to hold out mass layoffs or be unable to pay workers.
“Layoff bulletins affecting a number of dozen folks have already been made,” Bachmann instructed the RTS broadcaster on Wednesday.
The Worldwide Geneva Welcome Centre, which helps workers of worldwide organisations and NGOs, estimates that a number of hundred jobs are on the road, in keeping with Keystone-ATS.
