"WashU chancellor Andrew Martin announced last month that the private university had cut 316 staff positions and closed another 198 vacant roles as part of an effort to restructure or reduce budgets. He wrote that the cuts, which extend to WashU's Medical Campus, total "more than $52 million in annual savings." The chancellor cited both external and internal pressures."
""These include the changing needs of our students, emerging technologies, and innovations in teaching and learning," Martin wrote. "Others come from internal decisions and structures that have, over time, created ineffective processes and redundancies in the way we operate. In addition, we're still facing significant uncertainty about potentially drastic reductions in federal research funding.""
September brought layoffs, program eliminations and budget restructurings across a range of higher education institutions. Institutions cited declining enrollment, looming cuts to federal research funding, rising endowment taxes and internal inefficiencies as drivers of cost reductions. Washington University in St. Louis cut 316 staff positions and closed 198 vacant roles, projecting more than $52 million in annual savings and noting pressures from changing student needs, new technologies and potential federal funding reductions. Both resource-constrained regional universities and well-endowed private institutions moved to reduce costs and reorganize operations.
Read at Inside Higher Ed | Higher Education News, Events and Jobs
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