The president of Dartmouth College says layoffs will begin next month as the school works to trim its budget by $100 million over two years. But President Jim Yong Kim says he’s hopeful those who lose their jobs will be hired back someday.
President Jim Yong Kim and other officials on Friday discussed the next steps in a process the school began in the fall. He says he understands concerns that the college is the region’s economic engine, but says the answer is to fix it and move on.
He says he’s confident that once the budget is under control, the school can find new initiatives and rehire laid off workers.
Like other Ivy League schools, Dartmouth has seen a sharp drop in the value of its endowment brought on by the recession.