Overview
- The university has issued at least 974 layoff notices since July, including 259 in the latest round, with effective dates from last Friday through Dec. 31.
- Interim President Beong-Soo Kim said up to 200 notified employees could be placed into reorganized roles.
- Kim said operating expenses have been significantly reduced and that no additional layoffs are expected for the rest of 2025.
- USC closed FY2025 with an operating deficit exceeding $200 million, up from $158 million in FY2024 despite prior hiring and spending curbs.
- Leaders attribute the shortfall to cuts in federal support and enrollment pressures, noting international enrollment fell to 11,959 from 12,374 this fall, with impacts felt across campus units including student advising and the health system.