Northumbria University has offered 700 of its staff the chance to apply for voluntary redundancy.
The university has said that it does not expect all 700 to take redundancy but that it is trying to make itself more efficient.
You can watch the lunchtime update from our Education Correspondent Dan Ashby below.
More top news
Cleveland Police needs to take 'urgent action' to strengthen its safeguarding practises to protect children most at risk.
Four people have been arrested at Kirby Misperton following anti-fracking protests.
South Tees Development Corporation land is understood to be one of the sites where INEOS Automotive could build its first car.