Baylor is having serious financial struggles on the academic side. 10-12% cuts for every department. The university does indeed have massive bloating of administrators - vice provosts abound, assistant deans and gobs of middle-managers who occupy offices which used to be student study spaces, closets, and classrooms, often carrying out nearly meaningless tasks.any of these have their own staffs. Secondly, all universities are now experiencing the generational cliff as the number of potential students across the country is dropping of precipitously, causing schools to either "up their game" in recruiting, lower their standards for admissions, or decrease the number of students accepted. As a tuition-driven institution, Baylor has made budget in the past by growing the undergraduate classes to pay the bills. As that well dries up, they have recently turned to expanding graduate programs and even increasing a footprint outside of Waco for study, but trying to do this without lowering its reputation, which is tricky. It is a struggle not unique to Baylor, but a struggle in Waco nevertheless.
