Cornell University is instituting cost reductions and revenue enhancements to put the university on a more sustainable path for the future.
President Michael Kotlikoff and university leaders announced in a note on the Cornell website that they identified $350 million in revenues and savings. They include funding opportunities, new ways to manage the university’s external spending, restructurings and targeted layoffs that took place in 2025.
The changes will “also serve to increase the university’s resilience as we face new and continued headwinds as an institution,” the note states.
The statement goes on to say that in the future, it will have to look for ways to “increase collaboration and reduce duplicative efforts, making smarter use of technology and shared services, and controlling personnel growth.”
The updates came, in part, through two committees and work groups consisting of managers and staff across the university.
“They were also aided by over 660 suggestions provided by employees across the university through the streamlining effort launched in September 2025 following 18 town halls,” the statement says.