News Source
EXCERPT:
What about Harvard’s huge financial endowment? Why do they need to lay anyone off?
The Harvard Crimson reports:
Harvard FAS To Begin Layoff Notifications Next Week
Harvard’s Faculty of Arts and Sciences will begin notifying some staff of layoffs next week, according to a person familiar with the matter — part of a broader process that could also include direct placements into new positions or opportunities to move into different roles.
The notifications mark the beginning of a long-anticipated staff overhaul that has been in the works since last spring. It is unclear how many employees will be affected, though the FAS could lay off up to one quarter of its staff.
Days before the expected notifications, FAS announced Thursday that it had appointed three senior administrators who will help carry out the school’s new administrative model.
FAS spokesperson James M. Chisholm did not deny the expected timeline in a statement, writing that the school “will continue to communicate transparently about the workforce planning process,” including by proactively alerting staff and providing detailed information about any job action.