Harvard Medical School Cuts Budget

The Harvard Crimson reported on December 8th, "Harvard Medical School officials said Friday that they have asked all of the school's departments to plan to cut 10 percent of their academic and administrative budgets for the next 18 months in response to financial pressures resulting from a deteriorating fiscal picture for the University." According to the article by Crimson staff writer June Q. Wu, many departments plan to target entertaining and equipment purchases and to avoid staff reductions as much as possible. But none are sure these cuts will be sufficient to reach the necessary budget targets. 

On December 10, the Boston Globe reported that Harvard’s Faculty of Arts and Sciences has announced that they will postpone nearly all searches for tenure-track professors, "a sobering indication of how the economic crisis has hit the world's wealthiest university."

The full text of the Harvard Crimson article can be accessed online.