Stanford University will lay off at least 363 employees as part of a $140 million budget reduction driven by rising costs and changes in federal funding policies. The layoffs will affect various staff roles, including academic operations managers and librarians. The university has faced challenges due to anticipated reductions in federal research funding and a new multi-tiered endowment tax structure potentially costing up to $637 million. These decisions aim to secure Stanford's long-term goals amidst ongoing economic uncertainty.
Zacharias cited "ongoing economic uncertainty in 2025," which she said has created "serious operational and financial challenges for higher education institutions." She noted significant budgetary consequences stemming from anticipated reductions in federal research funding and the revised endowment tax structure, which may cost Stanford up to $637 million.
Despite the financial strain, university leaders indicated the cuts are intended to protect Stanford's long-term goals. The new multi-tiered endowment tax structure could significantly impact budget allocations.
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