Source: The New York Times
Summary
The New School’s Parsons School of Design has laid off 87 staff and faculty members due to a 20% decline in enrollment since 2021. The layoffs include 68 staffers and 19 faculty members. The school has been facing financial challenges and declining enrollment.
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The look feels familiar. Fashion schools have long been vulnerable to economic downturns. Parsons’ struggles recall the 1990s, when fashion programs across the US faced similar challenges. The school’s reliance on international students has also been affected by the pandemic. The layoffs mark a turning point for the institution.
As the fashion industry continues to evolve, fashion education must adapt. Parsons’ challenges serve as a reminder that even the most prestigious institutions are not immune to market fluctuations. The school’s response to these challenges will be closely watched by the industry.
Author: Evan Null
