Rock.
In February 2022, the university, claiming a pending cash shortfall of over $12 million, declared financial exigency and announced plans to begin cuts to personnel and programs in an effort to "right-size" the university and avert the university's closure.
On May 2, 2022, 37% of faculty received phone calls from the chancellor's office that their positions had been terminated, 12 departments were excised entirely, eliminating many degree programs. The university cut 67 faculty positions, of which 44 were tenured. Students and faculty protested the sweeping changes, and on May 4, the Faculty Senate voted no confidence in the administration. On May 5, the ASUS Board dismissed the vote of no confidence and approved Chancellor Ambrose's recommendations for program and faculty cuts. Over a year later, Ambrose announced his resignation, effective September 15, 2023. ASU System President Charles Welch later announced the selection of Bob Fisher, a native of Arkadelphia and former president of Belmont University, …
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