Town Square

Facing a shaky financial future, Stanford projects budget cuts, layoffs

Original post made on May 29, 2020

Stanford University, projecting a $267 million loss from the first six months of the coronavirus shutdown, is planning for program reductions and layoffs in the next fiscal year.

Read the full story here Web Link posted Thursday, May 28, 2020, 4:46 PM


Posted by MV Resident, LASD
a resident of Blossom Valley
on May 29, 2020 at 2:56 pm

Why are they reducing their payout from their $27 Billion endowment to cut programs and salaries? For what are they saving all that money?