US EditionStanford Lays Off 363 Workers as Federal Cuts Strain Colleges
STANFORD UNIVERSITY, CALIFORNIA, AUG 5 – Stanford cut 363 jobs due to a $140 million budget shortfall caused by federal funding freezes and a 21% tax on its $37.6 billion endowment, university officials said.
- Due to budget reductions affecting several departments on its California campus, Stanford University plans to permanently dismiss 363 employees by September 30.
- The layoffs stem from a $140 million general fund reduction driven by federal policy changes, including a steep increase in the endowment tax signed by President Trump last month.
- Stanford’s $37.6 billion endowment, which funds over two-thirds of student financial aid and academic programs, faces significant income loss due to the tax hike from 1.4 to 21 percent.
- Vice President Elizabeth Zacharias attributed the budget difficulties to continued financial instability and expected modifications in government policies, noting that the number of layoffs could rise if the situation worsens.
- The layoffs and budget cuts reflect broader pressures from federal funding reductions affecting research and education, and Stanford offers support and benefits to affected employees.
43 Articles
43 Articles
This year, Stanford University employed more than 18,000 people, according to its site.
California higher education layoffs: UC, Stanford and Cal State universities cut, freeze jobs
Stanford University will lay off at least 363 employees this fall as part of $140 million in budget cuts due to rising costs and changes in federal funding, including a sharp increase in the endowment tax. A WARN notice filed July 31 shows affected positions span academic operations, IT, libraries and administration. University officials cite inflation and reduced federal support as key reasons behind the cuts, which aim to ensure long-term fina…
These measures were motivated by a "difficult fiscal context largely influenced by changes in federal policy affecting higher education", explained the management of the institution.
Stanford to layoff over 360 staff following $140 million budget cuts
Stanford announced on Thursday that many schools and budget units have issued layoffs over the last few days as a result of the University’s $140 million budget cut for the upcoming academic year. “This is a product of a challenging fiscal environment shaped in large part by federal policy changes affecting higher education,” Stanford president Jon Levin ’94 and Provost Jenny Martinez wrote in the announcement of the layoffs. According to the Un…
Coverage Details
Bias Distribution
- 42% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
