Saturday, August 13, 2022

Penn State Imposes Hiring Freeze Due to $191M Deficit - Katherine Knott, Inside Higher Ed

Pennsylvania State University is implementing a “strategic hiring freeze” beginning this month through at least summer 2023 in a bid to balance its budget and save $250 million by 2025, The Pittsburgh Post-Gazette and other state media outlets reported. The university moved to freeze hiring in response to budget pressures related to inflation, flat state funding and a drop in enrollment, according to a university announcement. The university’s facing a projected deficit of $191 million and has used savings to balance the budget during the pandemic.