Oral Roberts University is laying off about 100 employees, or 10% of its staff, according to an Associated Press report.
The layoffs come after the university signed off on a $450,000 separation agreement with the former president, Richard Roberts, who stepped down last year after allegations that he misspent school funds. Richard Roberts is the son of the school's founder, Oral Roberts.
According to the AP story, ORU's budget for this fiscal year is about $92 million, and the school is more than $17 million in debt.
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