Two small institutions announced major cost‑cutting moves as they confront enrollment declines and the end of legacy subsidies. The University of Providence disclosed plans to review programs and consider staffing reductions to close a projected multi‑million‑dollar gap after a parent health system ends an annual subsidy. The private Montana institution invoked financial exigency to allow more flexible restructuring. In New York, The New School moved from voluntary buyouts to planned layoffs, aiming to cut roughly 15% of its workforce as enrollment fell more than 20% since 2021. Trustees and campus leaders face tightening timelines: institutions must balance program closures, faculty governance obligations, and teach‑out arrangements while maintaining accreditation and student support.