Western Sydney University is set to cut up to 400 jobs to stave off an $80 million deficit in 2026 as a result of declining demand from both domestic and international students and increased competition from its rivals.
Vice chancellor Professor George Williams said the university was forced to take drastic action as student study patterns changed, including taking fewer courses partly due to cost-of-living pressures.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.