Word: budget
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...Langley said that the University's decentralized decision-making and budget-planning process have made it difficult for the union to gather concrete information about the reductions. He also warned that similar cuts to subcontracted workers will likely continue through the summer and the next fiscal year...
...time already tense with the news of layoffs and budget-cutting, it appears that Harvard sought to avoid any possible conflict that could arise from the contract switch...
...Harvard Kennedy School has laid off 18 employees to help it close a $2 million budget gap that persisted after less drastic spending cuts, Dean David T. Ellwood '75 announced in a letter to the School's faculty and staff last Tuesday...
...budget challenges caused by the decline in the endowment payout have forced us to take this action," Ellwood wrote, noting that a projected 20 percent reduction in the payout over the next two years, combined with other revenue declines, created a $9 million shortfall in the School's budget...
...Ellwood said that the School has frozen salaries for faculty and exempt staff, implemented a "hiring frost," reduced the faculty budget, and trimmed expenses for travel, food, rent, and outside services. But a roughly $2 million "long-term structural gap" remained, he said, forcing the School to cut staff...