Duke University President Warns Layoffs Coming Due to Federal Funding Cuts
“no scenario in which Duke can or will avoid incurring substantial losses of funding due to these policy changes”
How many diversity administrators does Duke employ? Maybe start there.
WNCN News reports:
‘Dire implications’: Duke University president warns of ‘likely’ layoffs due to federal funding cuts
Duke University plans to offer new buyouts to faculty ahead of likely staff layoffs in response to the scope of threats of cuts to federal funding under the Trump administration.
In a video message released on Thursday, Duke University President Vincent Price addressed the private school’s community as it enters “challenging times.”
“We will, for the foreseeable future, have to be smaller – and do our work with fewer people,” Price said. “I sincerely wish that this were not the case, but the harsh reality is that reducing our spending by the scale required means that Duke will have to employ fewer people.”
Price announced that eligible Duke faculty members will receive voluntary retirement incentives, as he stated that the school expects “likely” involuntary staff reductions. He said these employees will be notified in the coming weeks.
“Within this landscape of significantly reduced funding, academic leaders will also need to give thought to the future shape of our faculty,” Price said.
Back on April 30, the university revealed details about its strategic realignment and cost reduction program, with Duke leaders saying it was “impossible” not to make changes to staffing levels.
On Thursday, Price outlined the “dire implications” for the university, chronicling severe cuts to research funding, dramatic increases to university tax payments, as well as threats to the university’s nonprofit status. He also hinted at restrictions for international students, losses within financial aid programs, and changes to health care programs.
“Though we still don’t know the full degree to which Duke’s financial resources will ultimately be affected, the considerable reductions we’ve already experienced – along with the scale of the additional losses we could face – mean there is, sadly, no scenario in which Duke can or will avoid incurring substantial losses of funding due to these policy changes,” Price said.
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$11.9 billion endowment (2024)
Every department at Duke has a DEI wing and the University is rife with nonsense majors like “women’s studies”. With tuition approaching $100,000 per Year and an endowment of $12 Billion I find it laughable that they are blaming the government for their “money crunch”. They have a severe spending problem. As an example they dropped $30 million renovating Duke Gardens. Some sane adult needs to be put in charge over there
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