Overview

• President Jon Levin and Provost Jenny Martinez confirmed the university will cut $140 million in general operating funds for the 2025-26 academic year, triggering staff layoffs
• Stanford will maintain its hiring freeze instituted in February and slow faculty recruitment as part of its cost-saving measures
• The university will increase its endowment payout by 2.9 percent to cushion core research and educational programs against funding shortfalls
• The School of Medicine is exempt from these cuts and will submit its own budget reduction plan in the coming weeks
• The deep reductions respond to shrinking federal research support and the threat of a 21 percent endowment tax that could cost Stanford up to $750 million annually