Area & Market News
During the recession, employers and organizations across the country grappled with how best to address significant budgetary challenges. Below is a look at some of the headlines from 2008-2009 that reflect the issues and how other institutions approached them.
For information about how Duke has managed its budgetary shortfall, review the Duke news section of this site.
- Trustees Pass 5.2 Percent Tuition Hike (UNC)
November 20, 2009 - Regents Raise College Tuition in California by 32 Percent
November 20, 2009 - President Kim Announces Changes to Administrative Structure (Dartmouth)
November 20, 2009 - Princeton Reduces Searches for New Faculty
November 10, 2009 - Yale Issues $1 Billion in Bonds
November 10, 2009 - Campus Prepares For Coming Budget Cuts (Dartmouth)
November 10, 2009 - Dartmouth Aims to Cut $100 Million Over Two Years, Layoffs Likely
November 9, 2009 - Buyout Plan Offered to Brown Employees
November 4, 2009 - Princeton To Layoff 43 Employees
October 30, 2009 - University May Assume More Debt (Harvard)
October 23, 2009 - MIT May Cut Employee Pension Plans, Saving $200M
October 23, 2009 - University Plans Targeted Cuts (Yale)
October 23, 2009 - Economic Message from Provost Richard McCarty (Vanderbilt)
October 13, 2009 - Dartmouth Endowment Down 23%
October 12, 2009 - A Message to Members of the Dartmouth Community from President Jim Yong Kim
October 9, 2009 - 145 Employees at Princeton University Opt for Retirement
September 5, 2009 - College of Arts and Sciences Task Force Suggests Extensive Cuts (Cornell)
September 1, 2009 - As Fiscal Year Closes, Impact of Downturn Felt Across Campus (Stanford)
September 1, 2009 - UNC System Cutting Hundreds of Administrative Jobs
August 31, 2009 - Bowles Orders UNC to Cut From the Top
August 29, 2009 - Rich Harvard, Poor Harvard
August, 2009 - UM, College Park Plans to Freeze Hiring, Reduce its Staffing
July 29, 2009 - Brown to Trim $30m More From Next Budget
July 19, 2009 - UNC System Might Have to Raise Tuition Again
July 16, 2009 - Harvard Workers Stunned by Layoffs
June 24, 2009 - Letter From Harvard's Human Resources
June 23, 2009 - UNC System Sounds Budget Alarm
May 29, 2009 - University Budget Announced (Stanford)
May 29, 2009 - The Incredible Shrinking Harvard
May 29, 2009 - Interactive Graphic: Elite Endowments Plunge (Harvard)
May 22, 2009 - UNC System Ready for Further Cuts
May 8, 2009 - Cornell University Encourages Staff Retirement
March 2, 2009 - University Layoffs Will Continue (Yale)
April 27, 2009 - UNC Forced to Make Big Cuts
April 26, 2009 - Budget Cuts Announced For Three Units (Stanford)
April 22, 2009 - Hiring Freeze May Hit Athletics Hard (Brown)
April 21, 2009 - Princeton Reins In Its Lavish Spending
April 20, 2009 - Princeton University Seeks $170M in Budget Cuts
April 9, 2009 - First Round of Layoffs Have Begun (Brown)
April 8, 2009 - Departments Prepare for Budget Cuts (Princeton)
April 8, 2009 - Laid Off SOM Staff Notified (Yale)
April 8, 2009 - U.S. Unemployment Reaches 25-year High of 8.5 %
April 3, 2009 - Information Technology Services Department Announces Layoffs (UNC)
March 27, 2009 - UNC Greensboro Warns of Budget-Driven Layoffs
March 27, 2009 - Layoffs Ahead for SOM Staff (Yale)
March 23, 2009 - MIT Libraries Lays Off Staff, Plans to Close Two Branches
March 13, 2009 - Bowles Warns of Budget Cut's Consequences in UNC System
March 13, 2009 - NC Unemployment Rate Reaches 9.7 Percent
March 11, 2009 - Layoffs To Come at School of Management (Yale)
March 11, 2009 - UC Berkeley to Restrict Hiring of New Professors
March 10, 2009 - Attrition, Layoffs to Cut 60 Positions (Princeton)
March 6, 2009 - Salaries Frozen at Faculty Senate (Stanford)
March 6, 2009 - Provost Announces Salary Freeze, Additional Cuts for FY 10 (Stanford)
March 5, 2009 - Departments to Cut Costs (Yale)
March 2, 2009 - Up to 300 Will be Fired (Yale)
March 2, 2009 - U.S. Economy Shrank 6.2 percent Last Quarter, Most Since 1982
February 27, 2009 - Kent State University Drops Sabbaticals For Next Year to Save Money
February 19, 2009 - Letter to MIT Community From President Hockfield
February 19, 2009 - Vanderbilt to Freeze Salaries of Faculty and Staff
February 19, 2009 - Johns Hopkins Freezes Hiring and Salaries, and Will Cut Top Administrators' Pay
February 13, 2009 - Harvard to Offer 1,600 Buyouts
February 12, 2009 - 450 Layoffs Announced at U. of Chicago Medical Center
February 9, 2009 - Dartmouth Announces Budget-Reconciliation Plan
February 9, 2009 - Employers slash deep and fast
January 27, 2009 - Message on the State of the University’s Budget in the Current Financial Crisis (Brown)
January 27, 2009 - Market Collapse Weighs Heavily on Endowments
January 27, 2009 - Budget cuts to safeguard strength of Cornell
January 25, 2009 - NC unemployment in December rises to 8.7 percent
January 23, 2009 - Dartmouth announces layoffs
January 22, 2009 - Dartmouth to Cut Budget After Endowment Loses 18%
January 22, 2009 - Stanford Cuts in Athletics
January 20, 2009 - Stiff Challenges, Especially for Private Colleges
January 16, 2009 - Fundraisers Forecast Decline in Giving to Education in 2009
January 16, 2009 - Wall Street Journal video: Economists Expect a Grim 2009
January 15, 2009 - Princeton Cuts Budget as Endowment Slides
January 9, 2009 - President's letter on Princeton's response to the economic downturn
January 8, 2009 - President details impact of economic downturn (Princeton)
January 8, 2009 - Budget Letter from President Richard C. Levin (Yale)
December 16, 2008 - Arts & Sciences Dean Asks for Budget Cuts (Harvard)
December 10, 2008 - Harvard looks to tighten its belt
November 11, 2008
For the latest North Carolina unemployment rate and labor statistics, visit the Employment Security Commission of North Carolina.