Stanford University will lay off at least 363 employees this fall as part of $140 million in budget cuts due to rising costs and changes in federal funding, including a sharp increase in the endowment tax.

Stanford University plans to axe hundreds of staff due to funding cuts for higher education under Trump, the latest mass layoff at an elite US college.

UCLA Chancellor Julio Frenk and UC President James B. Milliken on Wednesday said that federal grants suspensions total $584 million to the campus and university leaders will negotiate with the Trump administration to restore the funds.

The Trump administration has frozen millions in federal UCLA research funding, accusing the university of failing to respond to antisemitism on campus.

President Donald Trump's administration has frozen $584 million in federal funding for the University of California, Los Angeles, UCLA said on Wednesday after the government reprimanded the university over pro-Palestinian protests.