Yale University announces hiring freeze, spending cuts amid...

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Yale University announces hiring freeze, spending cuts amid proposed US endowment tax hike

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Yale University is implementing cost-cutting measures, including a hiring freeze and expenditure reductions, due to potential tax policy changes impacting its endowment income. A proposed amendment in Congress could significantly increase Yale's endowment tax, leading to concerns about funding for research, academics, and student aid. The university is monitoring the legislative outcome and will adjust its policies accordingly.

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