Skip to main content

Johns Hopkins cuts pay, warns of layoffs in wake of virus

BALTIMORE — Johns Hopkins University says it will halt contributions to employees’ retirement plans and cut salaries in its leadership.

The school in Baltimore also said that some employees are expected to be furloughed or laid off.

The Baltimore Sun reports that university President Ronald Daniels announced the changes in a letter posted online Tuesday. He said the university is projected to suffer significant revenue losses after a “dramatic and unprecedented contraction” because of the coronavirus.

Daniels said that he and Provost Sunil Kumar will cut their salaries by 20% in fiscal year 2021.

Other deans and university officers will cut their pay by 10%.

Completing the FAFSA: Everything you should know

Filling out the Free Application for Federal Student Aid, or FAFSA, which opens by Dec. 31, is one of the most important steps students and their families can take to pay for college. Some states now make completing the FAFSA a high school graduation requirement. The U.S. Department of Education awarded about $111.6 billion in federal grants, loans and work-study funds in fiscal year 2022, according to the most recent Federal Student Aid annual report. Those federal funds will assist roughly 9.8 million students in completing their education.
Read Next Story