Here’s a Chronicle article:
College of St. Rose Plans At Least a Dozen Layoffs
And here’s the official message:
Saint Rose Trustees Announce Changes in Academic Programs to Boost Enrollment and Reduce Deficit
People may remember that Carolyn Stefanco was a finalist for the Guilford presidency.
The College of St. Rose is about three times the size of Guilford in terms of enrollment, with a number of graduate programs. Its endowment is far smaller at $37 million. The press release claims over a $9 million operating deficit on a budget that looks like about $117 million, while this year Guilford is working to close a much smaller deficit on a smaller budget. Their faculty salaries are higher than Guilford’s but not by much – about $3000-$6000 or 8-15% depending on faculty rank.
Some additional context…one of the observations made in the official release by St. Rose was that 75% of students were enrolled in 25% of its academic programs. In comparison at Guilford in Fall 2015, our largest 25% of programs only contain about 54% of our student majors.