Are more layoffs coming at Rutgers? President says pandemic’s financial impact keeps him up at night.

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Jonathan Holloway knew he would have plenty to worry about in his first year as Rutgers University president.A pandemic wasn’t on his list.The university, already projecting a $175 million shortfall caused by COVID-19, is now bracing itself as a second wave of the virus slams New Jersey. Holloway can’t help but wonder: Is another financial hit around the corner?“If anything keeps me up at night, that would be it,” Holloway said this week in a Zoom interview with The Star-Ledger’s editorial board.The coronavirus pandemic has thrown colleges across the country into turmoil, pushing courses online and restricting gatherings on campuses designed for large lecture halls and crowded dining commons. But the most lasting impact might be severe financial consequences, especially if New Jersey returns to near lockdown restrictions, Holloway warned.“If we are in that same mode and then for longer, that is a huge hit for our bottom line going forward,” Holloway said.Holloway, the former Northwestern University provost, was named Rutgers’ new president in January. By the time his tenure began in July, the campus was a ghost town and the administration had begun painful layoffs that have affected nearly 1,000 employees, according …

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