"Amid a $15 million operating loss for the coming fiscal year, incoming University of Oklahoma president Jim Gallogly said layoffs are a possibility at the university."
http://www.tulsaworld.com/news/education/incoming-ou-president-layoffs-possible-but-raising-tuition-not-answer/article_1d64960f-8c2c-5ceb-909b-7a06c1ec29f0.html