U.N. Secretary-General Antonio Guterres is slashing more than $700 million in spending and laying plans to overhaul the United Nations as its largest sponsor, the U.S., pulls back support.

Guterres¡¯ plan calls for 20% cuts in expenditures and employment, which would bring its budget, now $3.7 billion, to the lowest since 2018. About 3,000 jobs would be cut.

Officially, the reform program is pegged to the U.N.¡¯s 80th anniversary, not the new U.S. administration. But the scale of the reductions reflects the threat to U.S. support, which traditionally accounts for 22% of the organization¡¯s budget.