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...town hall meeting in April, Smith called for a broad-based restructuring of FAS to close a $220 million deficit over the next two years. In May, $77 million of possible savings proposed by FAS units were implemented in a sweeping round of cuts, which later included mass layoffs for staff. Smith charged six working groups with identifying the remaining $143 million. Those groups have seen varying degrees of progress since their creation...
...unenviable position of serving as Dean during the school’s—through no fault of his—most significant financial crisis,” wrote FAS Associate Dean Robert G. Doyle in an e-mailed statement. “I admire his willingness to personally address the faculty, students, and staff and his willingness to face unscripted questions...
Richard Tuck, chair of the social studies committee, said there has not been “much detailed discussion” concerning the FAS budget of late...
...person charged with overseeing the Faculty of Arts and Sciences and its budget, people often ask me: “Sure, Harvard and the FAS have lost a lot of their endowment, but you still have tens of billions of dollars. Can’t you spend more of it now to avoid making difficult or painful budget cuts...
...proud about the way the FAS community came together these past six months and thought carefully about the difficult balance that needed to be struck between continued spending to support our core mission today and thoughtful budget cuts to ensure that Harvard remained Harvard in the future. By having made difficult choices and by husbanding our financial resources early, we acknowledged the needs of both our current students and the future generations of students yet to matriculate. The process has also produced ideas that will make Harvard stronger and better prepared to tackle the challenges and embrace opportunities...