USC to Implement Layoffs as Budget Deficit Surpasses $200 Million

Univ of Southern California faces layoffs amid $200M deficit, cites 'shifts in federal support'

SC has had research grants worth a total of $17.5 million terminated after the federal government began pulling already-awarded money from U.S. colleges and universities.

USC to implement layoffs as budget deficit surpasses $200 million

The University of Southern California will move forward with layoffs as part of a series of financial measures to address what interim President Beong-Soo Kim described as a “recurring, structural deficit” in a message sent to faculty and staff on Monday.  The announcement revealed that USC ended fiscal year 2025 with an operating deficit of more than $200 million — up from $158 million in the previous fiscal year. Kim attributed the shortfall t…

USC Faces Growing $200 Million Deficit in 2025 – California Globe

University of Southern California (USC) President Beong-Soo Kim announced on Monday that the University was operating at more than a $200 million deficit, becoming the latest California college to face a large shortfall in the 2025 fiscal year. The deficit marks a substantial loss from last year when USC reported a $158 million loss. While the university was on track to start making up for it, the structural nature of budget planning, poor healt…

USC signals layoffs as deficit surpasses $200 million amid ‘volatile external environment’

Citing a budget deficit in excess of $200 million, the University of Southern California’s interim president said Monday that an undisclosed number of layoffs and other belt-tightening measures would be implemented to “deal decisively with our financial challenges.” Beong-Soo Kim wrote in a letter addressed to faculty and staff that USC is “experiencing significant shifts in federal support” for its research and other programs — a product of the…

USC signals layoffs as deficit surpasses $200 million amid 'volatile external environment'

Layoffs will be implemented at USC, interim President Beong-Soo Kim said in a letter to the university's faculty and staff on Monday.