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.

The program, which is part of the University’s cost-cutting efforts, is expected to impact hundreds of employees. Duke is the first of its peer institutions to implement such buyouts amid federal funding threats.