Johns Hopkins University said it will lay off around 2,000 employees due to billions of dollars in federal research grants being cut. In February, President Donald Trump’s administration announced widespread cuts to National Institutes of Health grants for research institutions.

Johns Hopkins University announced Thursday that it will be cutting more than 2,000 jobs after it lost $800 million in funding from the US Agency for International Development amid the Trump administration's effort to significantly downsize the federal government.

Johns Hopkins is laying off 2,000 employees after an estimated $800 million in funding cuts. James Fishback, an investment manager who briefly worked with Vivek Ramaswamy in the earliest days of the Department of Government Efficiency (DOGE),