The company, which owns American InterContinental University and several other for-profit colleges, announced its latest round of cuts in a corporate filing on Thursday. The announcement comes just weeks after the Apollo Group, the parent company of the University of Phoenix, announced a similar plan to eliminate 800 jobs and close 115 locations. Career Education said it expected the job cuts to be completed by January and most of the campus closures to be finished by the first quarter of 2014. In its announcement, the company said the moves were key to its long-term strategy of investing “in a smaller number of institutions that have the strongest likelihood of delivering strong student outcomes, operational efficiency, and strength in their market.”
- Source: Sec
