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The National Academies of Sciences, Engineering, and Medicine is facing a significant reorganization as it grapples with a substantial reduction in funding from the federal government. With a shortfall of around $40 million in terminated contracts, the leading advisory body on science and technology has already had to lay off 50 employees out of its 1,000 workforce. Unfortunately, it looks like they may have to part ways with as many as 250 more employees by the end of the summer, as shared by National Academy of Sciences President Marcia McNutt in an interview with STAT.
“We’ve got to have a much leaner, slimmer organization in order to go forward,” McNutt stated. “We are preparing for a fairly radical downsizing.” Not really sure why this matters, but it seems like the National Academies are in for some big changes ahead.
In the midst of these financial challenges, the National Academies of Sciences, Engineering, and Medicine are bracing themselves for a major overhaul to tackle the funding losses. With $40 million in contracts terminated, the organization has already bid farewell to 50 employees, with a potential additional 250 job cuts on the horizon by the end of summer, according to National Academy of Sciences President Marcia McNutt. McNutt emphasized the need for a more streamlined and efficient operation moving forward, hinting at significant downsizing efforts in the near future. Maybe it’s just me, but it sounds like the National Academies are in for a bumpy ride as they navigate these financial hurdles.
