Federal Funding Cuts Force Duke to Cut Costs
President Vincent Price announced a hiring freeze and administrative reviews.
Federal reimbursement rates were capped at 15% from 60%.
DEI grants faced funding uncertainty for universities.
45 staff laid off in mid-August, 599 accepted VSIP, 82 faculty took retirement incentives.
Duke achieved $229M savings and expects $74M surplus in FY2026.
Executive VP Daniel Ennis said they're better positioned after cost-cutting actions.
AAUP urged halting buyouts; alumni and mayor resisted authoritarianism.
Governance disputes occurred at Arts & Sciences Council meeting.
2 weeks ago