The New School, a private New York institution, is reducing its workforce by 7% due to financial deficits in the tens of millions and declining enrollment. More cuts are expected as the university addresses ongoing fiscal challenges. The institution aims to stabilize its finances through these measures.
Key Points
- Workforce reduction of 7% to address deficits
- Facing tens of millions in financial shortfalls
- Declining enrollment contributing to fiscal strain
Implications for Educational Freedom
This underscores vulnerabilities in traditional higher education models, potentially bolstering arguments for greater educational freedom through alternatives like vouchers or innovative programs that empower students and parents with more choices.
Source: The New School to shrink workforce by 7% — with more cuts to come
