Oral Roberts University will lay off about 100 employees early next year, the Christian school has announced.

The layoffs are intended to help ORU be fiscally sound, school officials said.

Those employees losing their jobs will be notified in January, and will then continue to be employed for 60 days. The university will offer job placement support for the employees.

ORU was $55 million in debt last year, after a downward spiral beginning when the university was sued by three former professors for wrongful termination.

ORU received a $70 million donation from Christian store mogul Mart Green earlier this year.

About $30 million was put toward repaying the debt and another $32 million has gone toward long-deferred maintenance project, increased financial aid and technological upgrades.

The school was founded in 1963 by televangelist Oral Roberts.

For more information, click here.

Add To Favorites

Email To Friend

Back To Archives

Testimonial of the Week

What I liked about the service is that it had such a comprehensive collection of jobs! I was using a number of sites previously and this took up so much time, but in joining EmploymentCrossing, I was able to stop going from site to site and was able to find everything I needed on EmploymentCrossing.

John Elstner Baltimore, MD

+ Read More Testimonial

Only EmploymentCrossing consolidates every job it can find in the domain and puts all of the job listings it locates in one place.

We have more jobs than any other job board.
We list jobs you will not find elsewhere that are hidden in small regional publications and employer websites
We collect jobs from more than 4,429,376 websites and post them on our site.
We are private, and therefore far fewer people are applying for the jobs on our site than are applying for those on public job boards.