Smaller liberal arts colleges and even public universities are facing budget shortfalls, as federal government aid and state government funding have dropped over the past few years. Michigan Live reported that 142 employees agreed to early retirement from Eastern Michigan University (EMU), a public university located in Ypsilanti 35 miles west of Detroit. The university is facing an enrollment decline and university representatives claimed that the voluntary buyouts will help EMU invest in new academic programs and facilities.
https://www.academia.org/facing-budget-deficit-eastern-michigan-university-buys-out-142-employees/