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SATURDAY, NOVEMBER 21, 2009
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NEWS ABOUT: hiring freeze

hiring freeze stories: 2 news summaries

(Newser) - California's budget crisis has taken an $813 million toll on its famed UC system, Time reports. The University of California's 10 campuses are attempting to deal with the 20% budget cut by instituting mandatory furloughs for 80% of staff, drastically cutting or even freezing new hires, and increasing tuition by... More »

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California • higher education • UC Berkeley • University of California • college tuition • budget deficit • budget gap • hiring freeze • furlough

Harvard Endowment Drops $8B in Steepest Loss Ever

Endowment's record plunge threatens school operations

Dec 3, 08 3:10 PM CST
(Newser) - Harvard, the world's richest university, saw its endowment plunge 22% between June and October of this year, the worst loss in its history, the Boston Globe reports. Revenue generated by the endowment, which fell by $8 billion, pays for 35% of the school's operation, and Harvard president Drew Faust expects... More »

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Ivy League • higher education • college • Harvard • budget cuts • endowment • financial crisis • interest revenue • hiring freeze

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