Thursday, December 22, 2016

Colby-Sawyer Eliminates Five Majors to Stay Afloat - Rob Wolfe, Valley News

In announcing the layoffs of 18 employees this week, Colby-Sawyer College is the latest small private school to make a difficult choice in response to national trends that have put pressure on institutions with its profile. Before cutting seven faculty members and 11 staff members, eliminating 19 open positions and changing 11 more employees’ hours, Colby-Sawyer President Sue Stuebner, who arrived this summer amid a multimillion-dollar, three-year budgetary shortfall, had to take stock of the college’s financial and academic standing. Colby-Sawyer, a liberal arts college with pre-professional offerings, has a $38 million endowment but spends roughly twice that in annual operating costs.

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