Charles Sturt University has revealed a further five staff members will lose their jobs.
Consultation on the proposed reduction of academic schools has also now concluded, and the university has announced it will amalgamate existing discipline areas into nine new schools.
The revised change plans are part of phase two the "Sustainable Futures" cost-cutting program announced last year, which is aimed at reducing the university's forecasted $49.5 million deficit by the end of 2021.
These nine schools now include education; agriculture, environmental and veterinary sciences; health and rehabilitation sciences; dentistry and biomedical sciences; nursing, Indigenous health and paramedicine; business; computing, mathematics and engineering; social work and arts; and information and communications studies.
In a statement, interim vice-chancellor Professor John Germov thanked staff for their feedback on the change proposals and said those impacted would be supported by the university.
"Please be assured we have listened to, and made changes based on, your feedback," he said.
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"Those changes will ensure our schools will be able to operate with a greater degree of academic collaboration and have also helped minimise the number of jobs lost, which has been our aim throughout the Sustainable Futures program."
To minimise overall job losses, the university said it will absorb "28.4 full-time equivalent vacant positions".
"The 4.1 full-time equivalent (FTE) professional and general staff whose positions are ceasing will have priority opportunity to apply for the approximately 30 new and vacant FTE positions within the faculties at present," Professor Germov said.
Earlier this month, Professor Germov released a statement saying that the latest figures predict the university finished 2020 with a forecast deficit of $16.3 million, exceeding their goal of $22 million.
The statement also revealed that the university is on track to return to a balanced budget by the end of 2021.
A spokesperson told The Daily Advertiser on Wednesday that taking into account the reductions in positions, especially the vacant positions, and adding in "the efficiencies created by merging schools", these changes will achieve savings of approximately $3.4 million.
The spokesperson also said that the "optimisation process" for the communications and creative industries courses is ongoing and announcements "will be made in due course".