At least 50,904 college workers have been laid off or furloughed because of Covid-19. (via CNBCMakeIt)
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Karen Hutcheson, who leads management consulting firm Mercer's talent consulting for colleges, says some schools will likely permanently reduce the size of their workforces.She stresses that schools that were financially struggling before the coronavirus pandemic are much more likely to face adjustments.
Ken Simek, who oversees Mercer's higher education vertical says some schools will close completely because of the pandemic. "A number of institutions just won't survive this," he says. "They'll either merge with other institutions or close their doors altogether."
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