As Boston University faces continued “financial headwinds,” it is eliminating 120 staff positions and reducing its budget by 5%, according to a Monday letter from university administrators.

Boston University is slashing jobs and cutting budgets in the face of financial headwinds and funding cuts under the Trump administration.

A number of higher education institutions in the area have announced layoffs and other spending reductions since President Trump began enacting funding cuts and suggesting other measures that would force universities to re-imagine their revenue models.