#Latest news with #financialausterityBloomberg10 hours agoBusinessBloombergCornell Warns of Job Losses, Austerity After Trump Funding CutsCornell University warned of job cuts and 'financial austerity in all areas' as it steps up efforts to address budget shortfalls stemming from US funding cuts under President Donald Trump. Short-term measures are no longer enough to plug the gaps left by the loss of hundreds of millions of dollars in federal research contracts, Cornell President Michael Kotlikoff and other school leaders wrote in a message Wednesday. The Ivy League university now needs to shrink its workforce and cut other costs to bring about 'permanent change to our operational model,' they said.
Bloomberg10 hours agoBusinessBloombergCornell Warns of Job Losses, Austerity After Trump Funding CutsCornell University warned of job cuts and 'financial austerity in all areas' as it steps up efforts to address budget shortfalls stemming from US funding cuts under President Donald Trump. Short-term measures are no longer enough to plug the gaps left by the loss of hundreds of millions of dollars in federal research contracts, Cornell President Michael Kotlikoff and other school leaders wrote in a message Wednesday. The Ivy League university now needs to shrink its workforce and cut other costs to bring about 'permanent change to our operational model,' they said.
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