Imperial College's Faculty of Medicine is the latest to be grazed by the cost-cutting axe, following proposed cuts in staff in the humanities department.
The plans, which threaten the jobs of 80 academic staff and a further 50 non-academic staff, are part of a move to lower the faculty's deficit, which reports say could reach £28.7m by 2013.
Financial problems for the faculty have worsened this year, with the news that The Faculty of Medicine will lose £5million in research funding due to poor results in 2008's Research Assessment Exercise.
The Universities and College Union (UCU) has published a report which shows that one in three London universities is cutting, or looking to cut, jobs.
Speaking to the Times Higher Education supplement, Sally Hunt, the general secretary of UCU, hit out at the cuts. She said that it is difficult to see how the faculty - which takes on 300 undergraduates each year - could function "after cuts and disruption on this scale".
She continued, "Imperial needs to make a clear and public case for any job losses, since it is not in financial difficulties ? as can be seen from its own accounts and ongoing building projects".
The academic staff are partly funded by various health trusts, including the Imperial College Health Trust, Chelsea and Westminster Foundation Trust, North West London Hospitals Trust and the Royal Brompton and Harefield Foundation Trust - where the academics undertake clinical work.
One report suggests that the staff could be carrying out more clinical work than the trusts are providing financial support for.
It is possible that the employment of the staff in question could be transferred to the health trusts concerned, thus putting more financial pressure onto these trusts.
Speaking to the Health Science Journal (HSJ), a spokeswoman for the Imperial College Health Trust said that "the trust will await the outcome of the consultation before considering any possibility of changes to contracts of staff funded by both organisations".
Also speaking to HSJ, an Imperial College London spokeswoman said, "these proposals regrettably put some academic, administrative and support posts at risk, and the college is making every effort to avoid compulsory redundancies. It is hoped that taking this painful step now will create a financially sustainable structure within which outstanding staff can be supported and nurtured over the long term".