NEWS: UCMed Lays Off 180 Employees
FEBRUARY 22, 2024 EIGHTH WEEK VOL. 136, ISSUE 11
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Weathering the Storm: University Presents Plans to Close Budget Deficit by 2028 By ELENA EISENSTADT | News Reporter Provost Katherine Baicker and Chief Financial Officer Ivan Samstein, along with President Paul Alivisatos, hosted a second invitation-only town hall for faculty and staff on February 6. The presentation included a four-year plan to eliminate the budget deficit by 2028. Their plan focuses on financial restructuring, moderating expenses in administrative and supportive “central” units, and working
with “academic” units to reduce spending. The Maroon watched the town hall live. The biggest addition to the plan focuses on revenue growth through initiatives such as expanded degree offerings, extension programs, philanthropic reach, and potential “research sponsorship.” In a Q & A session following the presentation, faculty and staff criticized the University for straying from its academic principles, and
raised concerns about how the plan would affect an ongoing staff hiring freeze and funding for specific units. The University’s current $239 million deficit is a result of expenses growing faster than revenue, the University claimed. The University estimates that slowing spending growth and increasing revenues by 1–2 percent each over the next four years will allow the financials to break even. Baicker, Samstein, and Alivisatos
each stressed the University’s ongoing commitment to its core values, including a love for learning and freedom of expression, as it reevaluated strategies to close the budget deficit and more closely align revenue costs and spending. According to Alivisatos, this commitment to the values over time has made the University a model for building trust with society. He and Baicker also see the unique place the University holds in public disCONTINUED ON PG. 2
IFK Director Announces Shutdown, University Fails to Confirm
GSU-UE Willing to Strike, Collects Over 1000 Pledges
By EMMA JANSSEN | Deputy News Editor
By CELESTE ALCALAY | News Reporter
The Institute on the Formation of Knowledge (IFK), the University’s interdisciplinary center for the study of knowledge, is shutting down, according to its director, Shadi Bartsch-Zimmer. However, despite Bartsch-Zimmer announcing the closure to employees of the IFK and on the social media platform X on Tuesday, the University declined to confirm whether the Institute was being shut down. “Today I learned that the University of Chicago is shutting down the Institute on the Formation of Knowledge for budgetary reasons. I’m so sad for all the people who will be impacted by this,” read Bartsch-Zimmer’s post on X. Bartsch-Zimmer, who is also the Helen A. Regenstein Distinguished Service
Professor of Classics and the Program in Gender Studies, told The Maroon over email that she first learned of the IFK’s closure during a meeting with University Provost Katherine Baicker on Tuesday, February 6. “She called me to her office saying she wished to discuss budget cuts and the replacement for our executive director, who was hired by [Alivisatos’s] new climate engineering initiative. I was looking forward to telling her about the possibility of a merger between IFK and [the Committee on the Conceptual and Historical Studies of Science] that would save the University money. I had no idea she planned to tell me IFK was being shut down,” Bartsch-Zimmer wrote.
Graduate Students United–United Electrical (GSU-UE) has collected over 1,000 signatures for a strike pledge it launched on February 8, becoming the second labor union on campus preparing to strike if negotiations with the University reach a standstill. If GSU-UE were to move forward with the next step—a strike authorization vote—they would be joining UChicago Medicine nurses, represented by National Nurses United (NNU). The Nurses Union proceeded with a strike authorization vote on February 20. A GSU-UE general membership meeting to launch the strike pledge took place on Thursday at Hyde Park Union Church, less than an hour after their latest eighthour bargaining session with the Univer-
sity. Around 500 members attended the 6 p.m. meeting, comprising both in-person and Zoom attendees. “We will be out on your picket lines if you guys make [the] move [to strike],” UChicago Medicine nurse and NNU representative Amber Turi announced in a show of full solidarity for GSU-UE. GSU-UE first notified the University of intent to mobilize at a January 22 bargaining session. “At the mere mention of our strike pledge, the University put five new benefits on the table,” read the Union’s February 9 general membership newsletter, “A Storm is Brewing! (Sign the Strike Pledge).” “If management doesn’t move, we know how to make them move. This is
NEWS: CFO Ivan Samstein and Provost Katherine Baicker Talk University Finances With The Maroon
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