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Layoffs · Chapel HillUNC-Chapel Hill will cut about $70 million — 2% of its budget — targeting athletics, out-of-state aid and academics. Chancellor Lee Roberts told the Employee Forum layoffs are expected but details are unclear; attrition and potential buyouts will be considered. Cuts may close some centers, with no timeline yet for announcements.Read Article
UNC-Chapel Hill eyes $70M budget cuts, possible layoffs
100% Center coverage: 1 sources
Startups · North CarolinaResearch Triangle Park-based Vulcan Elements secured $65M in Series A funding to expand U.S. production of neodymium magnets, critical for technologies from wind turbines to defense systems. Founded in 2023, Vulcan aims to reduce reliance on China, which produces 90% of these magnets, and will soon supply all U.S. military branches.Read Article
RTP startup raises $65M to challenge China’s rare earth magnet dominance
100% Center coverage: 1 sources
Chapel Hill, North Carolina · Chapel HillUNC System faculty worry federal travel bans, visa backlogs, and application pauses could disrupt teaching, research, and retention, especially for international scholars. Leaders fear faculty and students may leave for countries with fewer restrictions, threatening U.S. universities’ global standing and delaying grant-funded projects.Read Article
UNC System faculty face uncertainty from travel bans, visa delays
100% Center coverage: 1 sources
