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Yale expects layoffs as leaders brace for $300M in endowment taxes
Yale faces $300 million annual tax from 2026, prompting hiring freezes and possible layoffs as nearly two-thirds of costs are employee compensation, officials said.
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Yale hints at layoffs to help pay for endowment tax hike
Yale University this week informed faculty and staff there may need to be layoffs down the line, as the school continues tackling budget challenges amid federal actions. The issue stems from a major increase to university endowment taxes, enacted under President Donald Trump and Congressional Republicans’ “One Big Beautiful Bill”. The university estimates it will pay the federal government $300 million per year beginning in July 2026. The Trump …
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Total News Sources2
Leaning Left1Leaning Right0Center1Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
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