The university has increased the numbers of jobs cut in a bid to reduce costs.
312 staff members have been offered voluntary severance packages, with most of the cuts coming to support role jobs. These include administration, maintenance and catering support.
With debts of more than £200 million, it was originally thought around 200-250 jobs would go. After the reorganisation, there will be 4,107 staff employed by the university.
A university spokesperson said: “The University of Exeter was delighted to make offers of Voluntary Severance to 312 staff, an indication of the scheme’s attractiveness to staff and its generous terms.
“This is one of the successful measures we have taken to support us in our ambition to become one of the best universities in the world. This now enables us to continue our programme of transformation, part of which will be the recruitment of significant numbers of world-leading academics and key professional services staff.”
Susannah Keogh, News Editor