Disir
Platinum Member
- Sep 30, 2011
- 28,003
- 9,610
- 910
NEWARK, Del. - The University of Delaware has announced that layoffs and other cost-cutting measures are needed to reduce a $250 million budget deficit this year amid the COVID-19 pandemic.
The News Journal reports that the staff layoffs announced Thursday don’t apply to faculty members.
Other cost-cutting measures include a voluntary retirement program, staff hour reductions, unpaid leave and temporary reductions to retirement contributions. Staff seeking voluntary retirement must notify the university by Oct. 5.
In June, the university projected at least a $168 million gap between revenue and expenses for the current fiscal year.
I wonder how many universities are going to end up folding over all of this. I know my son has said that his may fold.
The News Journal reports that the staff layoffs announced Thursday don’t apply to faculty members.
Other cost-cutting measures include a voluntary retirement program, staff hour reductions, unpaid leave and temporary reductions to retirement contributions. Staff seeking voluntary retirement must notify the university by Oct. 5.
In June, the university projected at least a $168 million gap between revenue and expenses for the current fiscal year.
University of Delaware to make layoffs amid $250M budget gap
The University of Delaware has announced that layoffs and other cost-cutting measures are needed to reduce a $250 million budget deficit this year amid the COVID-19 pandemic.
www.fox29.com
I wonder how many universities are going to end up folding over all of this. I know my son has said that his may fold.