From The Rider News, the university’s student newspaper:
“Rider administrators plan to lay off 25% of its full-time faculty by Dec. 31, after the university was placed on probation because of its financial standing, according to the March to Sustainability Plan announced by Rider President John Loyack on Nov. 10.
In addition to eliminating 35 to 40 full-time faculty positions, the Plan calls for faculty and staff to make several sacrifices, including a reduction of all employees’ base pay by 14% and an indefinite suspension of Rider’s retirement contribution both beginning Dec. 1, along with a requirement that all faculty teach more classes each semester.”
BREAKING: Rider set to lay off 25% of faculty after university placed on financial probation