- Commonwealth University is facing a roughly $17 million structural deficit and has warned that job cuts may be needed if the budget is not brought into balance. University officials said reserves that once exceeded $100 million have been depleted. Pasted text
- President Jeff Osgood said personnel costs are the biggest lever available. The university expects to reduce staffing by about 100 employees by June 30, 2027, bringing total faculty and staff down from more than 1,300 to roughly 1,209. Pasted text
Leadership hopes retirements will reduce the number of forced layoffs, since more than 25% of faculty are retirement eligible. Management is also giving up a planned salary increase as part of the cost-cutting effort.
https://www.mytwintiers.com/news-cat/education/commonwealth-university-announces-potential-job-cuts-in-meeting/