Duke University Offers Buyouts in Trump-Fueled Cost Cutting Push
The university is reducing expenses as colleges across the US face reductions in federal funding.
The campus of Duke University in Durham, North Carolina.
Photographer: Jim R. Bounds/Bloomberg
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Duke University is offering buyouts to employees, reducing capital spending and freezing hiring as it grapples with federal funding cuts from the Trump administration.
As part of a “strategic realignment and cost reduction program,” the school is trying to save $350 million, or roughly 10% of its total expense base, according to the Duke Chronicle, the university’s student newspaper. That includes voluntary buyouts announced Wednesday that the school hopes will reduce “the scale of involuntary separations later this summer,” according to a statement.