275 Layoffs at Harvard

Harvard University on Tuesday started the process of eliminating the jobs of 275 staff members, The Boston Globe reported. While many other universities have eliminated even more positions, the layoffs at Harvard -- which has a larger endowment than any other university, even after the declines of the last year -- are likely to receive more media attention than those at other institutions. The Globe article includes links to letters from Drew Faust, Harvard's president, and Marilyn Hausammann, the vice president for human resources. Beyond those losing jobs, an additional 40 staff members will be offered positions with reduced hours.