Cornell Daily Sun: Top administrators announced actions to combat “profound financial challenges” in a statement to the Cornell community on Wednesday. These actions include downsizing staff as the University streamlines processes, consolidates operations and restricts hiring for the 2025-2026 academic year. The statement attributes the financial challenges to federal funding cuts, including those to research, financial aid and medical reimbursement. Additionally, the statement notes that the school faces rapidly escalating legal expenses, an anticipated tax on its endowment income and rising costs of inflation. These financial challenges follow the Trump administration’s cuts to higher education funding, including $1 billion from Cornell, as well as the University’s legal retaliation.
“The spring semester was unlike anything ever seen in higher education,” the statement wrote. “We must immediately address our significant financial shortfalls by reducing costs and enacting permanent change to our operational model.”
The University plans to comprehensively review all programs offered at Cornell in an attempt to help “reduce duplication of work” and increase efficiency, according to the statement. In consolidating operations, the University will “deploy technology when appropriate,” as written by administrators. Cornell will also continue its hiring freeze and restrict “discretionary expenditures” in the upcoming academic year, according to the statement. In other cuts to expenses, the University plans to review all research operations to make them “more cost effective and efficient.” ...
Full story at https://www.cornellsun.com/article/2025/06/staff-cuts-hiring-restrictions-anticipated-as-university-faces-profound-financial-challenges.
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