UT cutting jobs to trim budget, pay for raises - Ralph K.M. Haurwitz, AMERICAN-STATESMAN

UT cutting jobs to trim budget, pay for raises The University of Texas has laid off 122 employees in the current fiscal year and will shed scores of additional positions by the end of the next one as part of a plan to trim spending while also paying for merit raises, officials announced Monday. The announcement came about four months after Gov. Rick Perry and legislative leaders directed state agencies and public universities to draw up plans to cut 5 percent from the state-funded portion of their budgets.