Word: budgeter
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Dates: during 2000-2009
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...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...
...spokeswoman Melodie Jackson said that while faculty and staff hiring has been roughly flat at HKS over the past five years, compensation and benefits still make up 59 percent of the School's operating budget. Prior to last week's layoffs, 498 staff worked at HKS, she said...
...result of these cost-cutting measures and the recent layoffs, "we believe our long-term budget is now sound," Ellwood wrote. He added that "barring any unexpected developments" and excluding normal staff attrition, he does not anticipate the need for further School-wide layoffs...