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University of Pennsylvania enacts hiring freeze amid potential $240M federal funding cuts.
The University of Pennsylvania is implementing a hiring freeze and other cost-cutting measures to prepare for potential federal funding cuts, which could reduce its federal funding by up to $240 million.
This impact could be more severe than previous financial challenges like the 2008 recession and the COVID-19 pandemic.
Similar actions have been taken by other Ivy League schools like Yale and Harvard.
University leaders are also working to emphasize the importance of federal funding for their mission.
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Universidad de Pennsylvania promulga congelación de contratación en medio de potenciales recortes de fondos federales de $240M.