A billion-dollar endowment, yet layoffs loom: Here’s why Yale is preparing to shrink its staff
Every university austerity cycle begins with small adjustments. Travel freezes. Delayed projects. Slower hiring. What is unfolding at Yale, however, is a more structural shift. Despite an endowment valued at 44.1 billion dollars as of June, the institution is preparing to reduce staff numbers over the next two years. The trigger is a looming increase…
