A billion-dollar endowment, yet layoffs loom: Here’s why Yale is preparing to shrink its staff
Yale University is implementing significant staff reductions over the next two years due to a new federal tax on endowment investment returns, estimated to cost $300 million annually. Despite a substantial endowment, the university is recalibrating its internal architecture, with early measures like hiring freezes and retirement incentives proving insufficient to bridge the financial gap.
Yale University is implementing significant staff reductions over the next two years due to a new federal tax on endowment investment returns, estimated to cost $300 million annually. Despite a substantial endowment, the university is recalibrating its internal architecture, with early measures like hiring freezes and retirement incentives proving insufficient to bridge the financial gap.
