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USC signals layoffs as deficit surpasses $200 million amid ‘volatile external environment’

Citing a budget deficit in excess of $200 million, the University of Southern California’s interim president said Monday that an undisclosed number of layoffs and other belt-tightening measures would be implemented to “deal decisively with our financial challenges.”

Beong-Soo Kim wrote in a letter addressed to faculty and staff that USC is “experiencing significant shifts in federal support” for its research and other programs — a product of the Trump administration’s sweeping effort to cut billions of dollars in grants — and also faces “potential decreases in international student enrollment.”

At the same time, Kim said, USC’s expenses have “significantly outpaced” its revenue for several years.

Recent cost-cutting — including a hiring freeze announced in March — hasn’t been enough. Kim said that by the end of the fiscal year that concluded in June, the university’s deficit had mushroomed to more than $200 million, a notable increase from $158 million a year earlier.

In addition to layoffs, Kim said, USC will also sell unused properties and adjust compensation for its highest earners, among other moves. He added: “By taking these tough actions now, I am absolutely confident that USC can and will emerge stronger, ready to continue transforming lives and…

Discover USC , Sponsored by the Office of the Vice President for Research

Discover USC showcases research, scholarship, leadership and creative projects by undergraduate and graduate students, postdoctoral scholars and medical scholars representing the entire USC System, from the Upstate to the Lowcountry. This annual event is proudly sponsored by the Office of the Vice President for Research.

Thank you, USC Research Community!

Discover USC organizers are grateful to all of the participants who made Discover USC 2026 so special and helped us celebrate ten years of USC's premier showcase of student and postdoc innovation outside of the classroom. Whether you joined us as a visitor, presenter, reviewer, volunteer or mentor, your contributions to the day's energy and vitality helped to make Discover USC 2026 one of our most successful events to date.

Check out highlights from Discover USC 2026

The USC Office of Undergraduate Research team celebrated ten years of research and scholarly excellence at Discover USC 2026.Pictured from left to right are Ashley Collins, Ajay Patel, Lauren Clark, Sofia Tous, Pranav Malladi, Cocky, Katelyn Fishel, Tricia Kennedy, Lyla Buscemi, Lilly Kosoglow, Khufu Holly and Karleigh Belli.

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Ten Years of Discover USC: Check out the highlights Discover USC 2026 marked 10 years of USC's premier showcase of undergraduate and…

USC vs. San Jose State highlights: Trojans cruise past Spartans in Week 0

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