Search
Close this search box.

Get our email updates

Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.

Advertisement
Advertisement

Syracuse University cuts under three dozen jobs as it deals with pandemic financial losses

The Hall of Languages at Syracuse University, which will use a five year, $1 million grant from the Howard Hughes Medical Institute (HHMI) to support “diversity and inclusion” in STEM education, the school said in a news release. STEM is short for science, technology, engineering, and mathematics. (Eric Reinhardt / BJNN)

SYRACUSE, N.Y. — Syracuse University on Thursday confirmed that some of its administrative units, schools, and colleges eliminated “less than three dozen” staff positions.

The job cuts are part of the university’s effort to deal with its financial losses from the COVID-19 pandemic. Syracuse in April had announced that the pandemic cost it $35 million in revenue.

Syracuse University said it is “supporting” the laid-off staff members with “significant” severance packages, four months of fully paid health insurance, access to outplacement services to assist in finding another position, and three months of access to employee-assistance programs, per a statement Syracuse forwarded to CNYBJ.

(Sponsored)
Dannible

Fraud in Family Businesses

“They are family. They would never do that!” Our guard comes down as it is hard to imagine a family member capable of business fraud. Unfortunately, that is when the

Read More

Syracuse University says it is “working hard to minimize the impact” of the COVID-19 pandemic on the campus community, including taking several steps to address unplanned expenses and unrealized revenue incurred because of the coronavirus crisis.

As previously announced in April, these steps include senior leadership compensation reductions, a faculty and staff salary freeze, temporarily freezing hiring of non-mission critical positions, and putting all new capital projects on hold.

As part of that effort, each school, college and department was asked to reduce its respective budgets by 5 percent.

Post
Share
Tweet
Print
Email

Get our email updates

Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.

Essential business news, thoughtful analysis and valuable insights for Central New York business leaders.

Copyright © 2023 Central New York Business Journal. All Rights Reserved.