As the Virus Deepens Financial Trouble, Colleges Turn to Layoffs Daniel McGraw, Shawn Hubler, and Dan Levin, The New York Times Hammered by mounting coronavirus costs and anticipating lost revenue from international students, fall sports and state budgets gutted by the pandemic, colleges and universities nationwide have begun eyeing what until now has been seen as a last resort—thinning the ranks of their faculty.
The cuts underscore the growing financial crisis sweeping across higher education, which in recent years has struggled with shrinking state support and declining enrollment amid concerns about skyrocketing tuition and the burden of student debt. |