NEWARK, Del. — The University of Delaware has announced that layoffs and other cost-cutting measures are needed to reduce a $250 million budget deficit this year amid the COVID-19 pandemic.
The News Journal reports that the staff layoffs announced Thursday don’t apply to faculty members. Other cost-cutting measures include a voluntary retirement program, staff hour reductions, unpaid leave and temporary reductions to retirement contributions.
In June, the university projected at least a $168 million gap between revenue and expenses for the current fiscal year.
University spokeswoman Andrea Boyle Tippett said the school’s annual operating budget is about $1 billion.
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