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�鶹��ý Commits to Rightsizing at the Executive Level, Marking Commitment to Sharing the Burden of Operating Deficit Among Senior Leadership

JERSEY CITY, N.J. | (�鶹��ý) is announcing a significant reorganization of its Executive Leadership team, including the elimination of three senior management positions. The reorganization is part of �鶹��ý’s rightsizing efforts due to the financial crisis declared by the Board of Trustees earlier this year, and it follows designed to reduce costs.

“I could not be more grateful to our administrative team, namely Acting President Jason Kroll, who has led �鶹��ý admirably through this challenging period, but also our entire community of faculty, staff, students and alumni for their support during this challenging time,” said Joseph Scott, �鶹��ý Board of Trustees Chair. “The sacrifices that we must make in order to solve this budget crisis are not easy, but we are dedicated to preserving �鶹��ý as a pillar of high quality, accessible higher education and as a key component of the community in �鶹��ý City and Hudson County. We are committed to sharing these burdens throughout all levels of the university staff, and to continuing to put our students first.” 

The Executive Level reorganizing plan includes consolidating four divisions, reducing the total number of divisions at the

executive level from six to four. It also includes the elimination of three senior management positions; Chief Operating Officer, Chief Strategy Officer, and Vice President for Enrollment Management. The four new divisions will be Academic Affairs, Advancement, Finance and Administration, and Student Affairs and Enrollment Management.

New �鶹��ý City University has already demonstrated firm commitment to right-sizing, including instituting $10 million in cost containment strategies in recent months that have sharply reduced its budget deficit with a goal of reaching budget neutrality by June 2023 through continued cost reductions and revenue increases. To date, the management-level workforce at the university has been reduced by over 30 percent since the pandemic, and University leadership has worked closely with the faculty unions to ensure that these burdens are shared equally throughout the senior leadership as well as faculty and staff, while maintaining services and the student experience. 

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Contact:
Ira Thor, Senior Director of University Communications and Media Relations | ithor@njcu.edu | 201-200-3301