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Tag: pay cuts
HBCUs
Morehouse College to Cut Jobs, Salaries to Offset Budget Deficit
Morehouse College said in a statement on Monday that it will cut jobs and salaries, and implement furloughs to offset an anticipated fiscal year 2020-2021 budget deficit and to deal with the impact of the COVID-19 pandemic. The Atlanta institution, a historically Black college or university (HBCU), estimates a potential 25% decline in enrollment because […]
May 18, 2020
COVID-19
Washington University School of Medicine to Furlough 1,300 Employees
Washington University School of Medicine said it would furlough 1,300 employees and cut salaries of school leaders and some faculty in response to the financial stresses created by the coronavirus, including an operating loss of close to $60 million for the first month of the pandemic alone, reported KMOV4. The furlough is expected to continue […]
April 20, 2020
COVID-19
U of Arizona Projects $250 Million Loss, Will Implement Furloughs and Pay Cuts
The University of Arizona is projecting a $250 million loss due to coronavirus-related shutdowns and the long term impact of the pandemic, institution president Dr. Robert C. Robbins, told the Arizona Daily Star late last week, reported Tucson.com. Losses could touch as much as $500 million if students aren’t able to return to campus this […]
April 20, 2020
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