Penn State Cost Cutting

Penn State University is planning on some significant changes for the new academic year. The university is implementing a new regional leadership model to enhance collaboration across campuses and better address local needs in order to save money. They say the Voluntary Separation Incentive Program has led to around 10% of the workforce opting for early retirement with benefits. While the long-term impact of these changes remains to be seen, university officials say that at least for now, no further rounds of the Voluntary Separation Incentive Program or layoffs are anticipated.