This is nothing new. In every downturn, follow-suit like everyone else.
Stanford has more money than God ($37 gigabucks), and about as much as Harvard ($53 billion) or anyone else.
The point of "budget cuts" and "layoffs" are not to cut waste, and there is immense waste by duplication of administrative infrastructure and spendy organizational budget pyramids headed by careerist managers, but to keep donations flowing by management virtue signaling "stewardship" with an appearance of fiduciary responsibility. The MBB consultants will continue to be allowed to run roughshod in large projects with insufficient oversight and mega CIP projects will continue to be built demolishing 8-year-old gifted buildings to keep up with the university Jones'. Instead of hiring FTEs, temporary workers will be abused for countless years instead of offering them benefits (somewhere between 5 and 10 health plans for FTEs) and contractors will be hired at 2x the price.
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[ 3.0 ms ] story [ 18.7 ms ] threadThis is nothing new. In every downturn, follow-suit like everyone else.
Stanford has more money than God ($37 gigabucks), and about as much as Harvard ($53 billion) or anyone else.
The point of "budget cuts" and "layoffs" are not to cut waste, and there is immense waste by duplication of administrative infrastructure and spendy organizational budget pyramids headed by careerist managers, but to keep donations flowing by management virtue signaling "stewardship" with an appearance of fiduciary responsibility. The MBB consultants will continue to be allowed to run roughshod in large projects with insufficient oversight and mega CIP projects will continue to be built demolishing 8-year-old gifted buildings to keep up with the university Jones'. Instead of hiring FTEs, temporary workers will be abused for countless years instead of offering them benefits (somewhere between 5 and 10 health plans for FTEs) and contractors will be hired at 2x the price.