Like all industries bracing for the worst of the coronavirus pandemic and its economic aftermath, universities are reeling from the fiscal impact of shuttered campuses.
On Wednesday, the University of Miami in an email announced “financial mitigation actions,” effective immediately, to reduce expenses across the university, including its healthcare system, UHealth.
“Today’s highly uncertain economic environment poses serious financial implications for our University, as well as for our health care system, UHealth,” the email read. “These are unprecedented times, which require significant measures.”
Those measures include a hiring freeze, a postponement of merit-based pay raises, significantly reduced or eliminated non-essential,