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Northwestern University furloughs staff, cuts executive pay and taps endowment to as it eyes ‘significant shortfall’ due to coronavirus pandemic

Northwestern University furloughs staff, cuts executive pay
and taps endowment to as it eyes ‘significant shortfall’ due to
coronavirus pandemic 1

“We expect to see repercussions from the pandemic for some time,” the message said. “Most of our work involves bringing large numbers of people together — in classrooms, dormitories, hospitals, libraries, laboratories, meeting rooms, concert halls and athletic arenas. As such, a pandemic places extreme pressure on all our major functions and on associated revenue streams.”

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