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Duke University cut $299 million through buyouts, building closures in response to federal cuts

Duke’s $364 million cuts include 5% staff buyouts and faculty retirements to offset federal funding losses, aiming for $350 million in savings by 2030, officials said.

  • This year, Duke University enacted a $364 million cost-cutting program in response to reduced federal funding, starting with President Vincent Price's March announcement of a hiring freeze and administrative reviews.
  • Federal moves to cap Facilities and Administrative reimbursement rates at 15% from around 60% and directives targeting DEI grants created major funding uncertainty for universities.
  • Mid‑August layoffs included 45 employees, with 599 of 939 staff accepting the VSIP, and 82 of 273 faculty taking retirement incentives, according to Duke.
  • Per a September Academic Council presentation, Duke achieved $229 million in FY2026 savings and expects a $74 million surplus, with Executive Vice President Daniel Ennis saying `In the aggregate, we’re so much better positioned than had we not taken the action we did`.
  • Amid calls from faculty groups, the AAUP urged Duke to halt buyouts, while alumni and Durham Mayor Leonardo Williams pushed to resist `authoritarian intrusions` and uphold values, with disputes over governance at the September Arts & Sciences Council meeting.
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Duke University cut $299 million through buyouts, building closures in response to federal cuts

After the Trump administration mandated that universities cut diversity, equity and inclusion initiatives, limit international student enrollment and decrease their reliance on federally funded research, Duke University has spent the year finding $299 million in savings.

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KTVB broke the news in Boise, United States on Monday, December 29, 2025.
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