One of the buildings on the Bronx campus of Albert Einstein College of Medicine. (Wikimedia Commons)

Over 2,500 employees at Yeshiva University’s Albert Einstein College of Medicine could be laid off as a result of Montefiore Health System’s takeover of the medical school’s operations.

Y.U. will send the 90-day notice letter that is required in advance of layoffs of 250 people or more to its medical school employees by March 31, the Forward reported. It is unclear exactly how many, if any, will actually be let go.

In February Y.U. indicated that a deal to hand over the operations of its medical school to cut costs was finally imminent after eight months of failed negotiations with Montefiore Health System. The Albert Einstein College of Medicine has accounted for an estimated two-thirds of Y.U.’s large deficits, which have reached $100 million in recent years.

A document obtained by the Forward dated March 23, which indicates that Y.U. is preparing a draft of the notice letter, reads:

On June 30, 2015, or within 14 days thereafter (‘Closing Date’) Yeshiva University … will cease to employ any of the employees currently performing services at all Einstein locations. We are advised, however, that with respect to employees of Einstein, Montefiore currently intends to make offers of employment to those Einstein employees that Montefiore determines to be qualified.

The Forward points out that there is no evidence that Montefiore will fire all or any Einstein employees, but Y.U. needs to prepare this notice in case they do in order to avoid legal liability issues.