Harvard looks to reduce professor ranks

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By CBS 3 Springfield News

Story Published: Nov 20, 2009 at 6:30 PM EDT

Story Updated: Nov 20, 2009 at 6:30 PM EDT

CAMBRIDGE, Mass. (AP) - The dean of Harvard University's Faculty
of Arts and Sciences said he will reduce the number of professors
to help balance a $110 million deficit.

Dean Michael Smith told The Harvard Crimson student newspaper
the cuts could come through attrition, by leaving vacancies
unfilled and through retirement packages.

The scale of the reduction hasn't been determined.

There are 720 associate professors and professors in FAS, an
increase of 20 percent since 2000. The faculty grew during last
year's hiring freeze, which Smith said was the result of job offers
that predated the school's financial troubles.

Harvard's largest-in-the-nation endowment shrank by nearly $11
billion in fiscal 2009 from a high of $36.9 billion.

FAS is largely the university's undergraduate professors.

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