Johns Hopkins University warns of layoffs, cuts while tracking coronavirus spread
(Photo by JHU Sheridan Libraries/Gado/Getty Images)
BALTIMORE (AP) - Johns Hopkins University is planning to cut salaries and expecting to furlough and lay off employees because of multimillion-dollar losses arising from the pandemic.
The school’s top leader made the announcement in a letter posted online Tuesday.
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The university in Baltimore has played a globally prominent role in tracking and modeling the spread of the virus.
University President Ronald Daniels said the school expects to lose more than $100 million by the end of June and as much as $375 million during the coming fiscal year.
But the institution says the cuts will have no impact on its data-gathering and research on the coronavirus.