It's really happened. The Florida State University President's office have announced budget cuts and major restructuring of programs. College of Arts and Sciences has suffered a budget reduction of more than 6 million dollars.
And the Geology degree program has been suspended. It will likely be merged with Meteorology and Oceanography into a new Earth and Atmospheric Sciences Program. My Ph.D advisor reckons maybe about half the faculty on the geology department are likely to be rehired to teach in the new program.
Here is the draft Budget.