And the President and Provost (philosopher John Etchemendy), among others, are taking 10% pay cuts. When even the wealthiest universities are taking these kinds of steps, that is worrisome indeed.
Meanwhile, the Philosophy Job Market wiki shows six searches cancelled so far. Anecdotal reports suggest the number is higher, especially if one includes contractions (e.g., multiple positions advertised, but now only one or two authorized to be filled).
As I have remarked previously, I hope that Departments will make every effort to help their job seekers weather this difficult situation, through extending funding, in-house teaching opportunities, and the like.
UPDATE: On a related note, Harvard University's endowment has lost at least 22% of its value (that's eight billion dollars!).
ANOTHER: The University of Toronto expects to have $62 million less to spend next year due to endowment lossts. (Thanks to Anthony Skelton for the link.)
Recent Comments