Penn leaders say the "scope and pace of the possible disruptions we face may make them more severe than those of previous challenges, such as the 2008 financial crisis or the Covid pandemic."

Harvard University implements hiring freeze amid ‘financial uncertainties’ after feds stripped $400 million from Columbia University

Harvard University announced it will be implementing a temporary hiring freeze due to“rapidly shifting federal policies,” according to a Monday letter from Harvard President Alan Garber. The announcement comes days after the Trump administration pulled $400 million from Columbia University in reaction to the Ivy League school’s failure to squelch antisemitism on campus.