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Entire athletic department could be facing layoffs
by duffy munn 2020-08-13, 21:06
Talked to a buddy today in the AD's office and people over there are getting really nervous. Looks like a decision will come down in the next few days to layoff/furlough pretty much everyone in the 1855 building for at least 5 weeks.
Scary times with the cash cow ( football) being gone for now.
Scary times with the cash cow ( football) being gone for now.
duffy munn- Geronte
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Re: Entire athletic department could be facing layoffs
by Turtleneck 2020-08-13, 21:08
Well, if they have been working since 1855, they should just retire already.
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Re: Entire athletic department could be facing layoffs
by Motown Spartan 2020-08-13, 21:11
Unprecedented times call for unprecedented measures. Dip into the endowment.
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Re: Entire athletic department could be facing layoffs
by Nordic 2020-08-13, 21:18
Motown Spartan wrote:Unprecedented times call for unprecedented measures. Dip into the endowment.
Pretty sure that is not a possibility. Endowments are earmarked by the donor for a specific purpose. It is contractually. The university has no say in how they spend it (at least the ones I've seen).
I suppose they could contact the donor and try to convince them to use it for something else.
Last edited by Nordic on 2020-08-13, 21:22; edited 1 time in total
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Re: Entire athletic department could be facing layoffs
by Nordic 2020-08-13, 21:20
duffy munn wrote:Talked to a buddy today in the AD's office and people over there are getting really nervous. Looks like a decision will come down in the next few days to layoff/furlough pretty much everyone in the 1855 building for at least 5 weeks.
Scary times with the cash cow ( football) being gone for now.
A lot of people will be hurting this year at schools and university. Building maintenance, food services, admins, etc.
Last edited by Nordic on 2020-08-13, 21:21; edited 1 time in total
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Re: Entire athletic department could be facing layoffs
by duffy munn 2020-08-13, 21:21
Motown Spartan wrote:Unprecedented times call for unprecedented measures. Dip into the endowment.
I wonder if this is even possible. The loss of football this fall is estimated to cost 85 million.
duffy munn- Geronte
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Re: Entire athletic department could be facing layoffs
by duffy munn 2020-08-13, 21:23
Nordic wrote:duffy munn wrote:Talked to a buddy today in the AD's office and people over there are getting really nervous. Looks like a decision will come down in the next few days to layoff/furlough pretty much everyone in the 1855 building for at least 5 weeks.
Scary times with the cash cow ( football) being gone for now.
A lot of people will be hurting this year at schools and university. Building maintenance, food services, admins, etc.
Yep. With no fall sports there is literally nothing for these people to do. And no revenue to pay them. Really, really ugly.
duffy munn- Geronte
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Location : east lansing
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