Professors at the New School say they are used to crises — a round of austerity after the pandemic, a strike by part-time faculty members, a fire in a dorm. But they’re now reeling from a crisis on a scale few faculties ever face. About 40 percent of the full-time professors at the institution received letters in early December offering them separation packages or early retirement as part of leaders’ attempts to address a budget deficit. If they do not accept the offers by mid-month, the paperwork stated, they could face “involuntary reduction” in the new year on less favorable terms.
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