Wednesday, August 19, 2020

Texas universities have started shedding jobs and are bracing for a serious financial hit - Raga Justin, Texas Tribune

It's impossible to foretell the coronavirus pandemic's full financial impact on state universities, public and private, but some have already faced millions in lost revenue and unexpected costs. Things will only get worse.  The Legislative Budget Board, which is handling reduction proposals, has targeted a $28 million budget cut for UT-Austin alone. UT-Austin won’t release layoff totals but has furloughed more than 260 employees, spokesperson J.B. Bird said in an email, though many furloughed staff members have since returned to work. UT-Austin is also considering scaling down academic and administrative departments and has frozen salary increases and university-sponsored travel.
https://www.texastribune.org/2020/08/07/texas-universities-coronavirus/