Capella Education plans to cut 65 non-faculty positions
The Wall Street Journal
November 15, 2011
Capella Education Co. said it plans to cut about 65 positions, or 4% of its non-faculty workforce, in an effort to trim excess capacity.
The company, a provider of online post-secondary education through its Capella University, specializes in doctoral and master's programs in education, business administration, nursing and public administration. In July, it acquired Resource Development International Ltd., a U.K. online-university operator.
"The faculty and staff at Capella share a deep commitment to the success of our learners. While today's actions are difficult, we would not take them if we did not believe they were in the best long-term interest of our ability to serve our learners," said Chief Executive Kevin Gilligan.