At an open forum for staff on Monday, March 16, President David Skorton reviewed the University’s financial status and assured attendees that while layoffs were inevitable, they would be done in a "humane and respectful way."
Citing a budget deficit of $230 million, Skorton said that Cornell’s leadership is "doing what needs to be done" to keep the University on solid financial footing, but noted that the impact of the financial crisis means it will be necessary to "reimagine the University." Asked about campus construction, Skorton said that "nothing is going forward" at least until the end of the semester, pending review.
For more, see the Daily Sun and Cornell Chronicle accounts.