Word: richardson
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According to Radcliffe Executive Dean Louise Richardson, the largely administrative cuts are intended to alleviate a budget shortfall that could have spiraled as high as $50 million over the next 12 years if unchecked...
...It’s very demoralizing when people see their department getting smaller and smaller,” Richardson said. “We decided it would be better to do it in one decisive step, rather than gradually through attrition. It’s much better to be open about the realities of the situation...
...These layoffs were not about performance,” Richardson said. “We looked for positions and functions that were less necessary for the new organization...
...cuts will improve the Institute’s financial situation in the long term, but according to Richardson its budget will still take a hit this year because of Radcliffe’s heavy investment in severance packages for the fired workers...
...Richardson said that almost every worker who had lost his or her job was told of it on July 10 in either a personal meeting or a meeting with several others from his or her department...