Stanford cuts jobs as the pandemic takes a toll on university finances

Faced with the prospect of major financial losses as this fiscal year ends — and with more challenges to come in the next year — Stanford University has announced a series of layoffs and other workforce reductions. In June, the university Board of Trustees approved a budget plan for 2020-2021 that maintained financial aid for students, though the university said it still needed to make changes to its workforce. “Although cuts to non-financial aid budgets have been less deep than we initially…