Saint Louis University plans to lay off 120 employees on Tuesday, according to a letter from Fred Pestello, the university’s president.
Pestello wrote that 120 staff members and administrators — or about 4 percent of all staff members and administrators — will be laid off. SLU also will eliminate 130 staff and administrative positions that are currently vacant. The cuts will impact every operational and academic unit, Pestello said in January.
Pestello said in the letter that the moves are part of a turnaround project, first reported by the Business Journal in October. The school has projected annual deficits of $10 million to $20 million through 2018 and beyond. Academic revenue at the school declined 4 percent from 2012 to a 2015 total of $410 million, while costs increased 7 percent to $415 million in 2015. That doesn’t include revenue or expenses at SLU’s clinical arm, SLUCare.
Also last week, SLU revealed that Rev. Lawrence Biondi, who served as the university’s president for 26 years before retiring in 2013, has been brought back part-time to help with recruiting international students and fundraising.
Read more: St. Louis Business Journal