The University of New Orleans is experiencing significant financial challenges, leading to layoffs and budget cuts. This situation is part of a broader trend affecting many urban-serving institutions. Here are some key points:
- University of New Orleans: The university is facing a $15 million deficit due to years of declining enrollment. As a result, they plan to lay off around 10% of their workforce and cut the athletic budget by 25%. Enrollment has dropped significantly, with only 600 students enrolling last fall compared to a peak of 17,000 in 2003.
- Broader Trend: Many urban-serving institutions are experiencing similar declines in enrollment. For example, John Nicklow, president of the University of New Orleans, mentioned that this trend is not unique to their university.
The University of New Orleans will layoff around 10% of its workforce due to steeply declining enrollment & a 25% cut to its athletic budget #MacroEdge pic.twitter.com/XTdDO0wPNZ
— MacroEdge (@MacroEdgeRes) July 27, 2024
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