Some 34 staff have been made redundant at Southern Cross University, including 12 academics.
The staff were among almost 50 who put up their hands for voluntary redundancy.
And vice-chancellor Peter Lee said that more jobs might still be at risk as the university wrestles with having to live within a reduced budget as a result of federal money lost as part of the Gonski education reforms.
He said that until the 2014 budget was finalised, it was too early to tell if more jobs may have to go.
‘Southern Cross contributes about half a billion dollars of economic activity across our footprint, so every time we tighten our belt we know it we have an economic impact across the region,’ he told ABC radio this morning.