In a budget balancing effort, Drexel University plans to layoff 60 staff members.
Officials at Drexel University have announced a plan to layoff dozens of 'professional staff employees' in an effort to 'ensure resilience amid financial headwinds facing the higher education sector'Drexel University plans to layoff 60 processional staff employees or about 1.4% of its workforce in an effort to resolve, what a spokesperson called, a 10% imbalance to the school's operating budget.
In a statement on Thursday, Nov. 20, 2024, school spokesperson, Britt Faulstick, said the layoffs would only apply to staff members, not any of the school's faculty."After careful analysis and in consultation with leadership from around the University, Drexel has made the difficult decision to reduce its workforce by 60 professional staff employees. While this represents less than 1.
Along with this round of layoffs, officials said that about 155 or 3.6% of employees have opted into the voluntary retirement incentive program.
In fact, Faulstick's statement claimed that the decline in first year enrollment has added $22 million to imbalance in the school's operating budget. Drexel officials also said the school was"seriously impacted by the flawed rollout of the new Free Application for Federal Student Aid."
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