Harvard Offers Buyouts to 1,600 Employees

“Harvard University will offer buyouts to 1,600 workers, or almost 10 percent of its nonfaculty employees, to help deal with the loss last year of $8-billion from its endowment, the Bloomberg news agency reported. In an e-mail message to workers this week, Marilyn Hausammann, vice president for human resources, said the offer would be made to employees age 55 and older, or to those who had worked for the university for more than 10 years …” (more)

[Megan Eckstein, Chronicle, 12 February]

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