The Durham research university says it is seeking to reduce spending by $350 million, or 10% of its budget, one report says.

Duke University is considering job cuts through measures like hiring freezes and voluntary separation programs as part of a university-wide cost-reduction initiative.

Duke University said Wednesday it will conduct a hiring freeze, eliminate vacant positions and offer some employees buyouts as part of an effort to reduce costs. Why it matters: The move comes as federal funding for research and universities remains uncertain under the Trump administration.