The University of New South Wales will lay off 493 staff, cut management by 25 per cent and reduce the number of its faculties from eight to six as it grapples with a COVID-19-related revenue collapse of about three-quarters of a billion dollars.
"Some of the steps are unpalatable and painful, particularly when they have an impact on jobs and our people," said UNSW vice-chancellor, Ian Jacobs.
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Robert Bolton is the Education editor. He covers primary and secondary education, universities and training. Connect with Robert on Twitter. Email Robert at rbolton@afr.com
