Word: budgetã
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...University-wide layoffs. HCL had implemented a variety of cost-cutting measures earlier this year as well, eliminating duplicate print subscriptions for digitally available content, centralizing technical services, and streamlining staff duties. Nevertheless, Brainard said that HCL is "spread very thinly right now" in terms of its budget??€”although she could not provide specific figures—and that administrators must "figure out how to support all the things we support at the College library with less money."William C. Kirby, former dean of FAS and now director of the Fairbank Center, wrote in an e-mailed statement...
...June 30 last year, the Kennedy School's endowment stood at $1.1 billion, although University administrators have for months projected a 30 percent decline in Harvard's total endowment over the course of this fiscal year. Current use gifts compose another 20 percent of the Kennedy School's budget??€”the largest amount at all of Harvard's schools, with the Law School next highest at 12 percent...
Although faculty, students, and staff across the University have long anticipated the impending staff cuts—Harvard officials often emphasize the need to trim compensation costs, which make up roughly half of the University's $3.5 billion operating budget??€”the layoffs appear to be have implemented quickly. Only three weeks earlier, in early June, both Galvin and Bill Jaeger, director of the Harvard Union for Clerical and Technical Workers, said that negotiations about staff reductions remained in very early stages, with discussions of a timeline for layoffs premature...
...University has asked the Law School to orchestrate a 10 percent cut in its budget??€”the magnitude of which entails some painful reshuffling of priorities, potential reorganization, and at least some job cuts...
...Budgetary projections will likely influence Faust’s thinking on the importance of appointing a candidate who can immediately manage the budget??€”if endowment managers project that spending will be constrained in the long term by disappointing endowment performance, then administrative capabilities are likely to weigh more heavily in her decision, Tushnet says...