Cornell University will lay off staff and cut spending due to major financial strain. President Michael Kotlikoff cited inflation, workforce growth, and over $1 billion in frozen federal funding as key causes. Hiring will remain frozen, programs and staffing will be reviewed, and job cuts are expected. Kotlikoff warned that these steps are needed to keep the university financially stable. No details were given on how many jobs will be cut. Cornell employs over 11,000 people in Tompkins County.
Source:
https://www.northcountrypublicradio.org/news/story/49235/20250620/cornell-university-announces-layoffs-and-austerity-measures