Johns Hopkins University is laying off about 110 employees across multiple schools and offices after absorbing one of the steepest declines in its federal research portfolio, with Carey Business School among the affected units. The cuts, first reported June 25 by the Baltimore Banner, are described as primarily administrative and tied to infrastructure that must shrink when the research base contracts. In a statement to the Banner, Carey spokesperson Doug Donovan said the university had already imposed a hiring freeze, cut vacant roles, and trimmed discretionary spending before resorting to layoffs. Carey later characterized its impact as a “strategic reorganization,” linking business education to shifting demographics, new delivery models, technology, and global enrollment. The timing matters for leadership teams: Carey is also expanding program offerings while relocating its full-time MBA from Baltimore to Washington, D.C., launching an Executive MBA, and rolling out new degrees including an accelerated MBA and dual options with the Bloomberg School of Public Health. For higher ed finance and research administrators, the story signals that reductions in federal R&D can ripple into schools not typically associated with direct lab funding—especially where research administration and service infrastructure are shared.