- Associated Press - Friday, February 7, 2014

NEW ORLEANS (AP) - Officials of Loyola University say 18 employees will be laid off as the university copes with a drop in freshman enrollment and a $5.1 million deficit.

The Times-Picayune reports (https://bit.ly/1g3ELFg ) the layoffs represent 2 percent of Loyola’s workforce.

The university also has enacted a voluntary severance program and a hiring freeze, which officials say should help balance the budget.

Freshman enrollment last year fell 30 percent from expectations, leaving Loyola with a projected $9.5 million budget shortfall.

Offic8ials say voluntary severances and other budget cuts reduced the deficit to $5.1 million.


Information from: The Times-Picayune, https://www.nola.com

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