Stanford University has announced staffing reductions affecting 361 people, blaming the Trump administration for funding cuts. The university pointed to policies from the administration in its decision to reduce its general budget by $140 million to support operations.

Stanford University will lay off at least 363 employees this fall as part of $140 million in budget cuts driven by rising costs and changes in federal funding policies, including a steep revision to the endowment tax.

This fall, Stanford University plans to lay off at least 363 employees as part of $140 million in budget cuts caused by rising prices coupled with federal funding changes, including a hefty hike to the endowment tax, the Mercury News reported.