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Stanford layoffs: University fires more than 360 employees; blames Trump’s federal funding policies
Stanford University has laid off over 360 employees due to budget cuts influenced by federal funding policies under the Trump administration. These policies, including potential endowment taxes and funding threats related to campus protests and DEI programs, are expected to cost the university $140 million. A proposed 21% tax on endowments could further burden Stanford with approximately $750 million annually.
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