A billion-dollar endowment, yet layoffs loom: Here’s why Yale is preparing to shrink its staff

Yale University is implementing significant staff reductions over the next two years due to a new federal tax on endowment investment returns, estimated to cost $300 million annually. Despite a substantial endowment, the university is recalibrating its internal architecture, with early measures like hiring freezes and retirement incentives proving insufficient to bridge the financial gap.

A billion-dollar endowment, yet layoffs loom: Here’s why Yale is preparing to shrink its staff
Yale University is implementing significant staff reductions over the next two years due to a new federal tax on endowment investment returns, estimated to cost $300 million annually. Despite a substantial endowment, the university is recalibrating its internal architecture, with early measures like hiring freezes and retirement incentives proving insufficient to bridge the financial gap.