DEVELOPING: Financial Crisis Worsens as Thousands of University Jobs Axed Overnight

BREAKING NEWS Thousands of University Jobs Axed Overnight as Financial Crisis Worsens Universities have collectively announced more than 12,000 job cuts in the last year, with an additional 3,000 jobs at risk due to cost savings. The devastating blow comes as four in 10 English universities are now believed to be in financial deficit. The University and College Union (UCU) has confirmed that thousands of staff members have been made redundant overnight, with many more facing uncertain futures. This is on top of the 12,000 job losses already announced by universities across the country. The financial crisis in higher education has been building for months, with employers warning of "difficult decisions" such as redundancies and restructures. The UCU has criticized a 1.4% pay offer made to staff over the summer, calling it "woefully inadequate". As the situation continues to unfold, thousands of university staff are bracing themselves for further job losses. The UCU will hold a vote on potential UK-wide strike action later this month. This is a developing story and we will provide updates as more information becomes available. *This is a developing story. Updates will be provided as more information becomes available. Based on reporting from Bbc.*