Ellen Granberg became the first woman and out lesbian president of George Washington University in 2023. She has since faced a financial crisis leading to austerity measures announced in 2025 which include budget cuts, a hiring freeze, and potential layoffs. Granberg stated that these measures are essential to address a deepening budget deficit and emphasized the importance of collective effort in stabilizing the university's finances. External pressures, particularly from political developments, are impacting GW and other elite universities, complicating their financial situations.
Ellen Granberg announced sweeping austerity measures at George Washington University to address a growing budget deficit, including significant budget cuts, a hiring freeze, and potential layoffs.
Granberg emphasized the need for collective efforts to stabilize the university's financial health, acknowledging that current measures might not be enough to balance the FY26 budget.
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