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Major Cost-Cutting Begins in Response to Covid-19, With Faculty and Staff Furloughs and Pay Cuts

The Chronicle of Higher Education

Eric Kelderman

April 18, 2020

The long-term economic impact of the pandemic is uncertain. But colleges are taking steps now to offset deep revenue losses.

Weeks after colleges across the country shut down campuses in response to the spread of the novel coronavirus, there is little to indicate that anything approaching normal will happen on most campuses through the summer and possibly into the fall.

The only certainty is that the disruptions caused by the pandemic will lead to budget shortfalls and cost-cutting at institutions of all types, probably for many months to come. READ MORE