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

Stanford University has implemented a hiring freeze, citing financial concerns stemming from potential federal funding cuts and proposed tax changes. In an open letter released Wednesday, Stanford President Jonathan Levin and Provost Jenny Martinez highlighted the uncertainty surrounding federal support for research as the reason for the freeze.

Stanford University is freezing its hires for future staff and they are also considering cutting positions as cuts to federal government funding continue.

Stanford University announced a hiring freeze on Thursday. The school says possible federal funding changes could impact its budget. The school will continue to make hires for “critically needed positions,