"Stanford will experience up to a $267 million negative financial impact by the end of the 2020 fiscal year on Aug. 31, and is forecasting similar or worse challenges for the next fiscal year according to a Wednesday announcement from President Marc Tessier-Lavigne.
Given the magnitude of the impact on Stanford’s budget, the University expects that ‘some workforce reductions’ will be ‘unavoidable’ as Stanford enters the new fiscal year, Tessier-Lavigne wrote." …