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As fiscal year closes, impact of downturn felt across campus

Source: news.stanford.e Posted By: Zarah Owens..3333 days ago

In response to a directive to adjust to a new baseline budget, Stanford schools and units have laid off 412 staff members and eliminated their positions over the last eight months, a decision spurred by a steep decline in the value of the university’s endowment.

Approximately 60 more people will lose their jobs by the end of the year; many of them have already been notified that their positions will be eliminated as part of the university’s budget reductions.

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