Struggling University of Phoenix Lays Off 900

Posted by Soulskill on Wednesday July 1, 2015 @01:48AM from the not-as-likely-as-a-real-phoenix-to-rise-from-the-flames dept.

An anonymous reader writes: The struggles facing for-profit colleges continue. The University of Phoenix announced poor quarterly earnings yesterday, and the institution has laid off 900 workers since September. Enrollment is down 14% since last year, and the CEO of its parent company, Apollo Education Group, says enrollment is likely to drop from 206,000 to about 150,000 next year. Apollo's stock has lost more than half its value since the beginning of the year. "Tighter regulations on for-profits and the Obama administration's push to make community college free top the list of headwinds. And non-profit universities have entered the online education space, where for-profit schools once held center stage."

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Re:Just to be Clear... by Anonymous Coward · 2015-07-01 02:43 · Score: 0, Troll

Close... Money only spent on institutions that have union employees who have their union dues given to the DNC whether they want it or not.
You will also notice the $1Trillion spent on "shovel ready jobs" mostly went to other union workers in a DNC money laundering scheme.