Word: budgets
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Dates: during 2000-2009
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...This last year, he's been pretty phenomenal, experienced or new, with all of the budget changes we’re going though,” said Nancy M. Cline, the head of the Harvard College Library, in an interview in May. “The breadth of problem-solving that a person has had usually makes a difference...
...savings achieved by the latest staff cuts, as well as those arising from personnel attrition and the University's voluntary early retirement incentive program, are part of the $77 million of FAS budget cuts announced in May, Bradt said. But even after the recent downsizing and other service reductions, FAS, the University's largest school, still has a projected $143 million annual deficit that Smith says must be eliminated by fiscal year 2011. As a result, the School has now embarked on a process of "resizing and reshaping" its operations...
...letter, Smith wrote that the global economic downturn forced FAS to reexamine all of its spending, including the compensation costs that make up nearly half of the School's operating budget. He said that previous cost-cutting measures such as the early retirement program, salary freezes for faculty and exempt staff, limitations on new hiring, and offers of reduced hours did not achieve the necessary budget reductions...
...Although the media has scrutinized the layoffs and Harvard's financial planning in recent weeks, emphasizing that even the world's richest university is being forced to slash budgets, the staff cuts are not unprecedented. In 2004, while the endowment was growing, Harvard laid off over 200 employees, citing the need to eliminate multi-million dollar "systemic" budget deficits wrought by capital expansions and a slumping national economy...
...Protesters at the time also questioned the legitimacy of the University's budget-cutting justifications and pointed to the millions of dollars paid to endowment managers as evidence of Harvard's alleged corporatization. The "No Layoffs Campaign," the coalition of union activists, staff, and students that has spearheaded the recent protests of layoffs on campus, took shape during the 2004 downsizing. And some of the chants used in recent rallies are recitations of those heard five years earlier...