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Austere actions at Duke pay off
August 19, 2010
A surge in private giving plus savings reaped from the elimination of nearly 500 jobs have helped Duke University avoid layoffs while it inches closer to its goals for a smaller budget, President Richard Brodhead said Wednesday. Duke is halfway through a three-year move to cut $100million from its annual operating budget, and it doesn't expect to offer a third buyout package to employees, Brodhead said in a meeting with News & Observer reporters and editors.
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