Covid-19: Harvard, MIT announce pay cut at top; salary freeze for others

Harvard has also put hiring on hold, and cancelled/deferred discretionary spend

Prestigious US educational institutions Harvard University and Massachusetts Institute of Technology (MIT) are implementing salary and hiring freeze and their top leadership will take pay cuts as part of “hard choices” to control costs in a tough economic environment resulting from the global coronavirus pandemic, according to a report.
 

The report in The Harvard Crimson, the daily student newspaper of Harvard University, said that Harvard was “instituting an immediate university-wide salary and hiring freeze, cancelling or deferring discretionary spending, and considering deferring all capital projects.”

University President Lawrence Bacow announced in an email to Harvard affiliates on Monday that