Penn State Orders Hiring Freeze, 3% Budget Rescission To Close $191 Million Deficit

Pittsburgh Post-Gazette, Penn State Implements Hiring Freeze Through at Least Summer 2023:

Pennsylvania’s flagship public university has ordered a hiring freeze at least through next summer as it and other higher education institutions confront spiking inflation and public fallout over tuition hikes aimed at easing strain on campus budgets.

Penn State University confirmed the move late Monday, days after leaders announced a planned rescission in the school’s 2022-23 operating budget of 3%, or $46.2 million. The decision, like a tuition hike approved July 22, was aimed at helping the university narrow a growing operating deficit. ...

Penn State enrolls about 89,000 students on its campuses, including the main University Park location. It has 33,545 employees systemwide, which including nearly 6,500 full-time faculty, according to university data.

• Inside Higher Ed, Penn State Imposes Hiring Freeze Due to $191M Deficit