RSS
Facebook
Twitter
E-PrinceThe University will lay off 43 employees across various offices and job levels to cut costs after the financial crisis triggered a 22.7 percent drop in the value of the endowment, administrators announced late Thursday afternoon.
In addition to ...
(back to the article)
The opinions expressed here are those of the individual commenters and do not necessarily represent the views of The Daily Princetonian Publishing Company, Inc. We do not take responsibility for the opinions, facts, or claims presented by individual commenters, and reserve the right to moderate or delete inappropriate comments.
The layoffs should begin at the top, starting with the idiots responsible for the huge drop in the endowment. But as always, it's the little guy who suffers.
It's good, once in a while, ridding the university of the most inefficient workers. Long-term, we're all better off.
That's right. Only people who aren't worth their pay are in danger. If they aren't worth their pay then why should the university operate at a loss in keeping them?
If you are unsure of who to fire first, get a sandwich at Woodywoo Cafe and you'll know who should be on the top of the list.
some of you people leaving comments are simply disgusting. this is terrible news, and it's shameful for such a wealthy university to have to lay off workers. of course, most of you were born with silver spoons in your mouths, so how would you know.
No, this isn't terribly sad news. It annoys me in the first place that Princeton has kept on to inefficient workers for so long. Everyone else, obviously private corporations, but also other universities like HY_S has cut workers, so I'm not exactly sure why we held out for so long. No, rather than doing that, Princeton decided to take pot shots at the student body, like cutting the Forbes Dining Hall on Saturday and reducing the number of RCAs. Rather than negatively impacting student's academic and residential life, they should cut these workers that are only there because the university felt bad letting them go. This is the one time when I can quote Rahm Emanuel, "Never let a crisis go to waste."
Seriously, this is shameful. That's the stupidest shit I have ever heard. What is shameful about that. Is it shameful for economic motives to drive our economic policy. Maybe you'd like the university to just start handing out checks to the community. The university has a responsibility to the student body that pays $50,000 in tuition each year, not these employees who were a drain on that. Rather than taking away stuff from the students, we should have started laying off people in the first place, not as a last resort. It's bad, but this is an economic crisis. It had to happen.
Maybe the top administators here could take a pay cut. They all have a couple hundred thousand to spare. At least.
GET OVER IT
cut pay not jobs, especially in this economy when it is so difficult to find employment and when the ability to maintain a mortgage affects us all. the same professors that urge wall streeters to take heavy bonus cuts should eat their own medicine, especially the economists who are the highest paid on camous and who missed the bubble even as their pay was going up because of it. they are not afraid of bankers leaving wounded firms for higher pay elsewhere; maybe we should not worry about them leaving our wounded school for other university's either.