Friday, December 19, 2014

SMU plans layoffs, other changes to cut $35 million - MELISSA REPKO, Dallas Morning News

Southern Methodist University is expected to cut up to $35 million in annual operating expenses through layoffs and administrative changes in an effort to curb rising costs, even as the school continues its billion-dollar capital campaign. The decision to rein in finances, which came as a surprise to many, follows a series of high-dollar expenditures in fiscal 2013 that included the opening of the George W. Bush Presidential Library, a change in the school's athletic conference, consulting fees for a branding study to boost the school's national reputation and 3 percent salary increases, according to a recent ratings update from Moody's Investors Service.

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