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Harvard Finances

Looming Layoffs

With the endowment down sharply and employee compensation accounting for nearly half of University expenses recently, the administration plans to trim staff jobs.

"Thank You, Alumni"

Reunioners and seniors of 2009 give the University a welcome assist.

Layoffs Begin

The University has begun laying off employees, part of its efforts to reduce costs to cope with the projected 30 percent decline in the value of the endowment.

The Early Retirees

The University has disclosed information on the staff members, by school, who were offered and who accepted its voluntary early-retirement incentive program.

EVP Forst to Leave Harvard

Updated May 28. Executive Vice President Ed Forst, who joined Harvard last fall and helped shape the University’s financial strategy, is returning to New York.

Stanford Imposes Deeper Cuts, Too

Updated. Citing the deepening economic and financial crises, Stanford has decided to make deeper expense cuts in the next fiscal year; Yale recently imposed deeper cuts, too.

In the Hole

Harvard assesses the feasibility of completing capital projects now under way, and the timing of other parts of its institutional master plan.

The Fiscal Crunch

Harvard and its schools are preparing for broad and potentially deep cost reductions.