10.29.2003
Yale considers cutting staff
Daily News: "Yale will be forced to reduce its staff and cut expenses in response to a projected $30 million budget deficit in the 2004-2005 fiscal year, Yale University Provost Susan Hockfield said Tuesday.
In a letter sent to Yale's faculty and managerial and professional staff, Hockfield said the University's total revenue is projected to grow by 6.3 percent next year but expenditures are expected to increase by 10 percent, producing a deficit. Hockfield said the financial problem is the result of national economic conditions..."
AP: "Yale University plans to eliminate an estimated 670 jobs over the next two years to help reduce a $30 million deficit, the New Haven Register reported in Wednesday's editions.
The cuts would reduce the Ivy League school's administrative staff by 5 percent to 10 percent..."
In a letter sent to Yale's faculty and managerial and professional staff, Hockfield said the University's total revenue is projected to grow by 6.3 percent next year but expenditures are expected to increase by 10 percent, producing a deficit. Hockfield said the financial problem is the result of national economic conditions..."
AP: "Yale University plans to eliminate an estimated 670 jobs over the next two years to help reduce a $30 million deficit, the New Haven Register reported in Wednesday's editions.
The cuts would reduce the Ivy League school's administrative staff by 5 percent to 10 percent..."
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