The University of Wisconsin at Oshkosh will impose layoffs and furloughs and offer early retirement to other employees as part of an effort to close an $18 million deficit, the Associated Press reported.
“We need a new, bold action to reduce expenses,” Oshkosh president Andrew Leavitt said during a Zoom news conference, the AP reported. “Our approach faces reality head-on.”
Leavitt said the university would eliminate about 200 nonfaculty jobs through layoffs and buyouts, and all employees would be required to take furlough days.
A combination of enrollment declines, a long-term tuition freeze imposed through 2021 by state lawmakers and cuts to the University of Wisconsin system’s budget have all contributed to the financial situation at Oshkosh.