Stanford University said on Tuesday it has laid off over 360 employees, citing budget constraints that it attributed to the federal funding policies of U.S. President Donald Trump.

The university has had to cut $140 million from its general funds budget this year, a move largely attributed to Trump administration policies, including the increase of the university's endowment tax from 1.

The Trump administration has defended its approach, saying it is committed to ensuring that university campuses remain safe and inclusive for all students.