The Globe and Mail had a balanced article on Friday, March 3rd by Simona Chiose on how, As students move away from the humanities, universities adapt. This is actually an older trend. In the 1990s I was involved in developing new programs in Multimedia and Communications for McMaster. Now the focus seems more on adding applied minors and skills to programs, which strikes me as a good idea.
In response to decreasing enrolment in arts programs, schools are trying new approaches, such as adding arts courses to commerce degrees
The article ends by pointing out that the humanities and social sciences provide “more career stability” than the “boom and bust cycles experienced by their colleagues in engineering or computer science” (see the linked University of Ottawa report.) Humanities students earn less, but their earnings rise steadily.