When the cuts come, they won’t come for the administration or the diversity staff. Academic programs will be the first to go, which raises some interesting questions about what the purpose of a university is.
Interestingly, I work at a University and we have just finished phase 1 of the dreaded "restructure" in our division (Health Sciences). All they've done so far is cull about 180+ administrative/non-academic jobs and reshape those remaining so they get paid less. Hilariously, we're now woefully understaffed, performing poorly and morale is at an all-time low.
Apparently the Academic roles are next in the firing line but they will have so much more negotiating power so I anticipate them being better off than us. Having said that, the division I'm in is the gem of the University and the Arts/Humanities programmes are slowly being destroyed so my experience might be odd the exception to the articles prediction.