Harvard is implementing an immediate hiring and salary freezes, canceling or deferring discretionary spending and delaying some capital projects.
It also also canceling or deferring discretionary spending and delaying some capital projects due to the financial fallout from the Covid-19 pandemic.
an immediate hiring and salary freeze, canceling or deferring discretionary spending and delaying some capital projects due to financial effects of the Covid-19 pandemic. "While many decisions and choices will come into sharper focus in the future, it is already clear that we need to take some actions immediately to align our spending with the decline in our revenue," said a joint email from President Lawrence Bacow, Executive Vice President Katherine Lapp and Provost Alan Garber. The email was sent Monday to the university community.
"Harvard, like other universities around the world, will not be spared the economic consequences of the pandemic," the institution's senior leaders said.
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