The Durham research university says it is seeking to reduce spending by $350 million, or 10% of its budget, one report says.

Duke University said Wednesday it will conduct a hiring freeze, eliminate vacant positions and offer some employees buyouts as part of an effort to reduce costs. Why it matters: The move comes as federal funding for research and universities remains uncertain under the Trump administration.

The program, which is part of the University’s cost-cutting efforts, is expected to impact hundreds of employees. Duke is the first of its peer institutions to implement such buyouts amid federal funding threats.