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 announced a hiring freeze amid growing concerns about cuts and delays in federal funding. The prestigious university is not alone as colleges around the country are trying to figure out what the White House will do next.

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,