Prestigious US educational institutions Harvard University and Massachusetts Institute of Technology are implementing salary and hiring freeze and their top leadership will take pay cuts as part of "hard choices" to control costs in a tough economic environment resulting from the global coronavirus pandemic, according to a report.
The report in The Harvard Crimson, the daily student newspaper of Harvard University, said that Harvard was "instituting an immediate university-wide salary and hiring freeze, cancelling or deferring discretionary spending, and considering deferring all capital projects."
University President Lawrence Bacow announced in an email to Harvard affiliates on Monday that he along with Executive Vice President Katherine Lapp and University Provost Alan Garber will each cut their salaries by 25 per cent.
The report added that senior school administrators, including the deans of Harvard's 12 schools, their vice presidents and vice provosts will also be either reducing their salaries or contributing to a support fund for employees experiencing hardship.
