Harvard cutting 275 jobs - Dayton Business Journal:

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The layoffs are the latest in a number of moveas the college made recently tocut costs, including salar y freezes, limiting new hires, early retirement incentivezs and a slowdown of its sciencde complex in Allston. The layoffs will impacgt less than 2 percentof Harvard’s 16,000 core stafdf and faculty, the university said. Employees affected by the layoffse are administrative andprofessional staff, clerical, and technical personnel. “Whild these actions have helped usreducer expenses, we nevertheless have more we must do.
In the cominh days, Harvard’s Schools and units, as well as its centrall administration, will be carrying out a reductioh in the size of ourworkforcse — modest in comparison to the overallo size of our University-wide staff, but nonethelessx painful for those people directly affected, as well as for our communit as a whole,” Harvard President Drew Faustr said in a letter to the Harvard Harvard’s endowment, the largest of all U.S. academic institutions, was hit hard by the economicf turmoil and losses in thestoci market.
Marilyn Hausammann, vice president for human resourcedsat Harvard, said in a letter to staff the institutio n has seen “pressure on other revenue sources,” whichu could include tuition and fees as well as revenue from the University’sa research.