Tag: Furloughs

Northwestern Announces $90 Million Shortfall, Furloughs 250 Staff

EVANSTON, IL — Northwestern University officials project a $90 million budget shortfall for the current fiscal year as a result of the coronavirus pandemic. University leaders announced Monday they would personally take pay cuts, furlough 250 workers and start withdrawing more money from the university’s endowment.

“Even if we resume on-campus activity in the fall, as we hope to do by phases, we are likely to see a significant shortfall in the 2021 fiscal year as well, perhaps as great as or greater than what we are experiencing this year,” President Morton Schapiro, Interim Provost Kathleen Hagerty and Senior Vice

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