United Way Capital Area laying off 10% of staff
Acknowledging that nonprofits are not immune to these more challenging economic times, the United Way Capital Area said Friday it has laid off about 10 percent of its more than 70 employees.
The Austin nonprofit says it was forced to make cut the seven employees because of the slumping economy’s effect on its budget.
“We are tightening our budget belt on the operations side to avoid impacting our agency grant commitments,” says David Balch, president of United Way Capital Area. “We greatly regret the loss of valuable staff and thank them for being part of our family here, and will do all that we can to assist our colleagues in finding other positions.”
The nonprofit says it’s offering severance pay and associated benefits to the employees that have been laid off.
United Way also said Friday that its grants for upcoming 2008-2009 fiscal year will total $3.9 million to 36 Central Texas nonprofits, up from $3.4 million this year online cash advance. The group says it wants to “assure the community that our proposed investment … is paramount.”