The Conversation, and other media, are carrying the story today of the cuts at the University of Sydney. Basically, what’s been announced is that they are to cut staff costs by $53m (7.5%) by reducing academic and general staff. The underlying causes are a need to make investments in buildings maintenance and IT systems, and because the forecast for student fee income was too optimistic - with domestic students deferring and a drop in international students. (As I’ve previously noted, across Australia generally, the forecast is for international students to be down by 23% this year.)
For the last few months, it’s been clear that there’s a perfect-storm of circumstances which will impact upon higher education in Australia:
With all of these changes, I’d expect to see more changes in individual universities, as the impact bites. And a increased focus on value for money of projects and investments.
Read the full article on The Conversation