The University of Kentucky has announced plans to lay off and furlough some employees in response to a projected $70 million budget in the coming year.
The shortfall is caused by the coronavirus. The cutbacks also include reducing retirement contributions to employees and not providing merit pay raises. UK President Eli Capilouto says most of the university’s revenues are expected to decline, many significantly. The university didn’t say how many employees would be furloughed or laid off.
