Word: fausts
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...announcement of the cuts—which University President Drew G. Faust described in a complementary e-mail as "modest in comparison to the overall size of our University-wide staff, but nonetheless painful"—caps weeks of swirling speculation that Harvard would seek to conduct layoffs shortly after Commencement activities. The downsizing is one of the most prominent budget-cutting measures to date following a semester of fiscal anxiety that has seen the trimming of student services, the curtailing of capital projects, and the implementation of a sweeping early retirement incentive program for staff...
...despite the relatively small number of staff affected by the reductions announced today, decisions to lay off staff, "in their human dimensions, are among the hardest that an institution like ours can make," Faust wrote. She emphasized that "difficult circumstances have called for difficult decisions across the University," and Hausammann pointed to the projected 30 percent drop in the endowment and other revenue pressures as motivation for the layoffs...
Thomas E. Vautin, Harvard's associate vice president for facilities and environmental services, will serve as acting vice president for administration starting July 1, University President Drew G. Faust announced Thursday...
After more than 30 years at the University, Vautin had initially accepted Harvard's early retirement package this spring, according to Harvard Magazine, but the University press release states that he now plans to retire sometime during the next academic year. Faust praised Vautin's "exceptional effectiveness and dedication" in the release and added that his staying on will provide "important continuity" as she embarks on the search for Harvard's next executive vice president. The recently created position is currently held by Goldman Sachs veteran Edward C. Forst '82, who announced his intention to step down on August...
...primary objective will be to support the University during the transition of leadership within [Faust's] senior administration," Vautin said in the release, adding that he intends to fill the organizational gaps left by the 177 central administration staff members who opted to take the retirement package. "My personal goal will be to ensure that the VPA organization is fully engaged and ready to work with the new leadership...