Word: fas
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...University has taken a series of progressively stronger measures to reduce personnel costs—which make up 48 percent of the overall budget—starting with a hiring freeze on FAS staff announced in November, soon followed by a University-wide salary freeze for faculty and non-union staff in December...
...endowment, valued at almost $37 billion last June, was buffeted by current financial conditions, losing roughly 22 percent of its value by the end of October and sending the University scrambling to find ways to trim costs. Amidst subsequent belt-tightening measures—including a hiring freeze on FAS staff announced in November—the specter of possible layoffs has loomed over some staffers worried that their jobs may be in jeopardy...
...part of a quarterly financial review process, FAS financial officers met yesterday with department administrators from the FAS division of social sciences and will be meeting with members of the other divisions later this week...
...posed by a budgetary shortfall of at least $100 million, departments and centers of the Faculty of Arts and Sciences are working to refine proposed budget cuts—a process concurrent with more over-arching cost-reduction measures being spearheaded by the administration. In an interview last month, FAS Dean Michael D. Smith said departments have submitted proposals detailing areas that could sustain cuts. The “vast majority” of departments have founds ways to trim 15 percent of their budgets in keeping with a recommendation Smith made in December, the Dean said...
Additionally, cutting down on new hires, along with constrictions on visiting faculty, creates a dangerous combination that threatens to impoverish the undergraduate educational experience. FAS is limiting the number of visiting professors next year; the economics department will have only two or three, compared to the 15 it has in the current year. Visiting professors often patch up a department’s curricular weaknesses, and their relative absence will likely deplete the College’s course offerings for undergraduates. Given the comparative lack of faculty, students will be faced with the dismaying prospect of fewer seminars and bigger...