Stanford University announced a staff hiring freeze Wednesday to ward against “potential financial uncertainties” from the Trump administration’s efforts to cut research funding and to tax endowments.

Stanford University implemented a staff hiring freeze to cut back on costs as the new federal administration aims to slash research and education funding.

President Jonathan Levin ’94 and Vice Provost Jenny Martinez announced the implementation of a staff hiring freeze in an email Wednesday morning.

In the letter, the university said it's developing its budget for the next school year, anticipating a significant cut because of the Trump administration's proposal to reduce research payments from the National Institutes of Health and a possible increase in the endowment tax.