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Birmingham-Southern College has announced deep cuts and layoffs, following the discovery of errors in the way the college was awarding financial aid that have resulted in the need to cut spending by about $10 million a year, The Birmingham News reported. The cuts include 51 layoffs, pay cuts that average 10 percent for all employees (but that are larger for those who are more highly compensated), two one-week furloughs for non-faculty employees, and suspension of contributions to retirement funds.