According to this FAQ posted on the UC Human Resources website, senior management at UCOP as well as at the campuses will take an additional 3% cut on top of the already announced 5% cut, to bring them to "at least" an 8% cut.
Another item of note is this article in the Chronicle. The discussion in the comments section highlights the possibility of a "brain drain" in California, especially if the cuts were to be extended beyond next year. Notice that already salaries at UC lag behind those at peer institutions, a fact recognized by the Regents in 2005.
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