From the Daily Princetonian: In a series of... memos, the University informed faculty and non-union staff of raise cuts and benefit reductions for the coming fiscal year, with a decrease in personnel also on the horizon. The adjustments to employee pay and benefits came shortly after the annual State of the University letter from University President Christopher Eisgruber ’83 reported that the University would be tightening its budget primarily due to declining long-term endowment return expectations and continued uncertainty over federal funding. Eisgruber discussed some of the raise cuts at his annual Council of the Princeton University Community town hall...
Provost Jennifer Rexford ’91 and Executive Vice President Katie Callow-Wright sent an email obtained by the ‘Prince’ to employees informing them that benefits would also be cut. “We want everyone to be aware that some reduction to the University’s generous benefits structure is coming,” Rexford and Callow-Wright wrote. “Overall headcount at the University will decline as we reallocate resources to protect our highest priority areas,” they also warned. The email did not specify whether this referred to layoffs or not renewing positions after retirements...
Full story at https://www.dailyprincetonian.com/article/2026/02/princeton-news-broadfocus-u-cut-employee-benefits-raise-reductions-mixed-reactions.
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