The University of Southern California (USC) has announced it will lay off staff and embark on other cost-cutting measures as it faces a $200 million deficit, as well as state and federal funding cuts, that interim President Beong-Soo Kim described as creating a “volatile external environment.”
In a July 14 memo sent to faculty and staff, Kim detailed how the decision was made due to considerable shifts in federal funding, as well as a likely decrease in international student enrollment.
