Stanford University has announced $140 million budget cuts for the 2025-26 academic year, which will involve staff layoffs. This announcement, made by President Jon Levin and Provost Jenny Martinez, highlights the financial strain stemming from proposed federal tax changes on university endowments. These cuts, which will also affect various university programs, follow previous job losses in creative writing and the continuation of a hiring freeze amid growing financial uncertainties. The School of Medicine will handle its budget cuts separately.
This is difficult news to share... We face significant budget consequences from federal policy changes. The proposed tax could represent an estimated $750 million tax annually.
The budget cuts will require reductions to staff positions, not all of which can be accomplished by eliminating open positions.
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