Tag Archives: layoffs

President James Ramsey

President Ramsey announces layoffs at U of L

 

 

by Rae Hodge–

University of Louisville President James Ramsey has announced the coming layoff of 10 to 15 employees of the university, citing a 6.4 percent cut in state-wide higher education funding as the cause. Ramsey says the 6.4 percent cuts are equal to a $9.7 million dollar loss for the school.

Ramsey says that individual department heads will be making the decision about who will leave, and said that, ”We’ve made the decision that we’ll do everything we can to minimize layoffs and jobs loss, but it’s tough.”

This announcement follows on the heels of a decision by the University of Louisville Athletic Association to approve the largest athletic budget in the schools history at $71.5 million, which some university students and Louisville residents have publicly denounced in light of recent tuition increases.

The ULAA also voted to contribute $2 million in athletic endowment money for university-wide staff raises.