Siena is apparently facing financial problems. They are offering early retirement to employees and the physical plant workers are being replaced by a firm to do that job. They just built a new building that was supposed to be paid by a huge gift. Did that gift ever come in? Would hate to see it got the way of Saint Roae.
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There were 95 people out of a possible 250 who accepted the buyout offers. That comes up pretty short. Failure to get enough people to accept offers is likely to lead to layoffs. President Seifert has not stated how he plans to avoid laying people off when he came up that short. Colleges are having difficulties with staying open, and I wouldn't be surprised if colleges, even ones with Catholic affiliations, resort to dishonesty in an attempt to stay in business. According to Forbes' financial grades for 2025 Siena (when it was called Siena College) had a finances score of 1.87, or a C. The best possible score was a 4.50 or an A+. Forbes compared Siena to a family that lives paycheck to paycheck. Forbes does consider Siena to be a top 500 college because Forbes does not use finances at all to determine which colleges are in the top 500. President Seifert knew better than to say that his school is not facing financial hardship when anyone can look at Forbes' publications.