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Financial crisis at the New School in NYC, tenured faculty being fired

According to CHE, the New School in NYC,

has handed layoff notices to about 15 percent of its employees, marking the latest in a series of cost-cutting measures it’s taken to rectify a budget deficit last reported at $48 million.

The New School, a private institution known for its progressive history, is also consolidating its four colleges to two beginning this fall and discontinuing more than a dozen academic programs; it paused most doctoral admissions last fall.

Nineteen full-time faculty members, 10 of them tenured, were told by a June 1 deadline that they’d been laid off, the provost, Richard Kessler, told The Chronicle. Dozens more have taken early-retirement or buyout offers, and in total, the New School will employ 65 fewer full-time faculty members in the fall than it did last year, Kessler said. Based on the most recent federal data, that reduction would amount to roughly 36 percent of its 2024 full-time faculty work force.

A faculty member at the New School (not in philosophy) tells me that no philosophy faculty have been fired.

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