Drew University to lay off 10% of faculty and staff

by E Wayne Ross on February 9, 2009

Los Angeles Times: Drew University to lay off 10% of faculty and staff

Between 35 and 40 people will be laid off, and contributions to all employees’ retirement funds have been suspended, officials said. Job and salary cuts are expected to take effect in early March.

Charles Drew University of Medicine and Science will lay off 10% of its faculty and staff and slash executive salaries in an effort to reduce annual expenses by $10 million, officials said.