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The New School building facade with empty chairs on the quad, symbolizing job cuts and financial strain.

The New School cuts 87 jobs amid mounting financial pressures

As The New School announced the layoff of 87 employees, including 19 full-time faculty, its President Joel Towers is slated to earn roughly $1 million this year, according to Jacobin .

Monique Devereaux·June 6, 2026