"Pennsylvania State University saw 383 employees take buyouts as part of a voluntary separation incentive program launched in May. The buyouts...will shrink the workforce at...20 regional campuses by about 10 percent. The university is also shifting 11 of its regional campuses into four groups, each overseen by a chancellor....Penn State seeks to chop almost $100 million from its fiscal year 2026 budget; the latest moves are expected to save the university $43 million."
https://www.insidehighered.com/news/business/financial-health/2024/07/02/pennsylvania-campuses-hit-hard-june-job-cuts?