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.

Stanford University plans to lay off 363 employees, the latest sign of growing financial strain at US colleges as federal funding for higher education comes under pressure.