American University Of Beirut Slashes Staff As Lebanon Economy Crashes

The video discusses the severe financial crisis faced by a historic Arab university amid Lebanon's economic collapse. University President Fadlo Khoury explains the difficult decisions to lay off 25% of the workforce, cut salaries, and halt a major Medical Center expansion due to the COVID-19 pandemic. The Lebanese economy, already in turmoil before the pandemic, is further strained with high unemployment and poverty rates. Khoury shares his personal anguish over these measures, emphasizing the need to sustain the university's future.

What measures has the Lebanese university taken in response to its financial crisis?

• Laid off 25% of its workforce

• Expanded the Medical Center

• Increased student tuition fees

• Opened new administrative departments

How much debt is the university currently facing?

• $10 million

• $20 million

• $30 million

• $40 million

What was the state of Lebanon's economy before the COVID-19 pandemic?

• It was experiencing rapid growth

• It was stable with low unemployment

• It was already in a severe economic crisis

• It was thriving with a strong currency

What percentage of the Lebanese population is currently unemployed?

• 25%

• 45%

• 15%

• 35%

How does the university president feel about the layoffs?

• Indifferent

• Relieved

• Heartbroken

• Excited