Hey British academics! While we await the latest job cut email, lets look at our pension (or those of us in USS). The Financial Times had a nice plot about Local Government Pension Schemes. The worst one (by far) lost 18.3% for a yr to March 2023. Awful!! Lets have a look at the performance of USS 😱
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We received an email today saying we need to cut £140M from the university budget, a number which appears to have been conjured out of thin air.
VCs are using the same pool of consultants to generate bogus numbers to support their desires to fire people. It's awful.