University of California imposes pay freeze as losses mount.
Napolitano is taking a 10% voluntary pay cut, as are the system's 10 chancellors, she said in a statement that was sent to faculty and staff systemwide.
She said her office has initiated conversations with union leaders so they understand the seriousness of the financial situation.Napolitano is taking a 10% voluntary pay cut, as are the system's 10 chancellors, she said in a statement that was sent to faculty and staff systemwide. She said her office has initiated conversations with union leaders so they understand the seriousness of the financial situation.
"I know some of this news is unsettling, during an already difficult time," Napolitano said. "The present realities and ongoing uncertainties, however, require us to take actions in order to adjust to current circumstances," The UC, with more than 290,000 students, is one of the country's largest public higher education systems. It estimates financial losses of nearly $1.2 billion from mid-March through April, and those losses are expected to increase in the months ahead, Napolitano said. Compounding the losses, Gov. Gavin Newsom announced last week a revised state budget for 2020-2021 that includes a 10% funding reduction for UC of $372 million.
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