KPRC-TV (Ch. 2, Houston), Nov. 18, 2008 The layoffs are part of work force reduction authorized last week by the University of Texas System Board of Regents, which said it was forced to make the job cuts because the teaching hospital was running out of money. The regents authorized the elimination of up to 3,800 full-time jobs. UTMB is expected to complete notifying faculty and staff members about who will be let go by Nov. 24. Most are expected to receive a salary and benefits package.