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Message: [QUOTE="upstater, post: 5070122, member: 153"] That's all well and good until the President of the University declares 15% of all employees across all departments will be let go. At that point, it's actual cutbacks and not fungible money moving around. One thing people don't realize about university budgets is that very little of that money is fungible. Almost the entire research budget is spoken for and the rest is tied up as well. My school has a billion dollar budget but when a 2 million deficit was announced, they started letting people go. The entire budget for Arts & Sciences was $14m so $2m was a huge deficit. This is in a school with over a billion in revenues. [/QUOTE]