University plans targeted cuts - Vivian Yee, Yale Daily News

Some Yale departments will shed entire programs and projects due to budget cuts this year, not just trim as they have been doing since last year. Instead of asking all departments to reduce costs in equal proportion, the University is now targeting some specific units for deeper reductions than others, administrators said. The University’s new strategy for cutting costs on the heels of after two rounds of across-the-board cuts designed to help close a $150 million gap in the operating budget caused by the endowment’s 24.6 percent tumble. The strategy of cost-cutting has shifted in part because further blanket reductions would hit some departments’ core academic missions harder than others, and so they would cease to be effective, Provost Peter Salovey said.