Harvard to lay off 275

Harvard facing 30% drop in endowment, laying off 275 staffers and scrubbing budgets.
Expected cuts at the Faculty of Arts and Sciences, medical school, and the central administration.

40 additional staffers will face reduced hours.

Harvard, the second-largest employer in Greater Boston, has more than 18,000 employees including post-doctoral fellows, teaching assistants, and interns, university officials said. About 16,000 staff and faculty make up the university’s core workforce.

Full story -> http://www.boston.com/news/local/breaking_news/2009/06/harvard_u_to_la.html