Thought you were secure in a tenured job?  I guess if your whole department is eliminated, so are you:  The University of Southern Mississippi is getting rid of its economics department in its entirety:

The elimination of economics, along with five tenured and four tenure-track faculty positions, is part of a plan to reduce spending by $11 to $12 million, universitywide, within a year. While university officials stress the plan isn’t yet final, they are slated to decide by September 1 whether to go forward with the proposed cuts, according to a news release. Tenured and tenure-track faculty are legally required to a year’s notice prior to termination, and economics faculty say they’ve already received such notice.

It seems they are not producing enough graduates.

(HT: Tomas Sjostrom)