Thursday, December 12, 2024

Saint Augustine’s University cuts its workforce in half to shore up finances - Ben Unglesbee, Higher Ed Dive

The North Carolina institution is on probation with its accreditor as it tries to stabilize its operations. Saint Augustine’s University is cutting half its workforce — 67 staff positions and 69 faculty positions — to reduce costs by $17 million and stabilize its financial position, the institution said in a release Saturday. 
The university — a private, historically black institution in North Carolina — has also nixed “several” programs with low enrollment, it said. Additionally, it is working to pay off outstanding balances with vendors.