BU to lay off or furlough 250 employees due to virus shortfalls

–Blake Nissen for The Boston Globe

Boston University will have to furlough or lay off about 250 employees to help cover a $96 million estimated budget gap in the upcoming academic year due to the coronavirus pandemic.

In a message to faculty and staff, BU President Robert Brown said the university expects a total revenue shortfall of $264 million in the fiscal year starting July 1 and has tapped into some of its reserves, reduced salaries and frozen retirement contributions to save about $168 million. But that still leaves about $96 million to make up, Brown said.

“Regrettably, layoffs and furloughs (unpaid leaves of absence with benefits continuation) will be necessary in some units of the University as a consequence of the shortfalls we are predicting,” Brown said.

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