A New Review About Insurance

Nov 16, 2020

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(Hyosub Shin / Hyosub.Shin@ajc.com) By Eric Stirgus , The Atlanta Journal-Constitution Georgia Tech plans to lay off 27 workers and not fill 129 vacant positions because of financial hardships created by the coronavirus pandemic. “Based upon the latest tuition and state revenue projections, the Institute is reducing its budget by $33.7 million for FY 21,” Kelly Fox, Georgia Tech’s executive vice president of administration and finance, said in an email to employees Thursday. “In response to this budget reduction, some units have reduced operational expenditures in addition to making the difficult decision to reduce workforce.” The message does not say which current positions will be terminated. The email also says 109 Georgia Tech employees will retire by Dec. 31 as part of its Voluntary Separation Incentive Program. Those employees must been age and years of service requirements. They may also receive a payment equivalent to four months of their salary. State lawmakers ordered Georgia Tech and the 25 other schools in the University System of Georgia cut their budgets by 10% earlier this year, citing revenue declines from the pandemic. Georgia Tech administrators have spent months exploring ways to cut expenses. “Moving forward, we will continue to analyze factors that contribute to the health of Georgia Tech’s budget including spring enrollment and state revenues,” the email said.

https://www.ajc.com/education/georgia-tech-to-lay-off-27-workers-citing-pandemics-financial-strain/DVJWMC4NTNC5FATHV4PACBGZ4I/

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