Princeton University announces 43 layoffs in budget cutting plan - The Star-Ledger

Princeton University announced today layoffs for 43 employees and the reduction in hours for 18 other positions as part of a two-year budget reduction plan to address a sharp decline in the university's endowment. The staff cuts follow a voluntary early retirement program that led 145 employees to leave Princeton. In announcing the layoffs, Princeton officials said it would help the university achieve a $170 million reduction in its operating budget over two years.