The University of Southern California said it is "on track" to eliminate a long‑term deficit by the end of the fiscal year after issuing more than 900 layoff notices since July. Interim president Beong‑Soo Kim cited cuts, reorganizations and fundraising as central to the plan while acknowledging the emotional and operational toll on the campus community. Recent rounds affected student advisers, administrative assistants and health‑system staff; USC has said it will attempt to place up to 200 employees into reorganized roles. The layoffs follow a sudden drop in federal funding and a decline in international enrollment this fall, which administrators identified as drivers of the shortfall. Campus leaders say they do not expect further layoffs this calendar year, but the reductions raise questions about service capacity, student advising and morale as private universities tighten budgets and reassess long‑term financial models.