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 announced a staff hiring freeze Wednesday to ward against “potential financial uncertainties” from the Trump administration’s efforts to cut research funding and to tax endowments.

Stanford University is implementing a hiring freeze as colleges and universities across the US confront the threat of severe funding cuts from the Trump administration.