Thread regarding Bridgepoint Education Inc. layoffs

Reducing costs...

https://seekingalpha.com/article/4442278-zovio-inc-zvo-ceo-george-pernsteiner-on-q2-2021-results-earnings-call-transcript

"Sure a lot of the savings are in taking a look at the company and really eliminating administrative functions that are not needed as we've transitioned to an educational technology company. So we had some leftover functions from being a -- we’re profit education company. We certainly dealt with that. We dealt with a lot of duplication as it related to some of our student facing functions."

"So we were able to reduce cost in our operation area which is clearly our largest area of spending without having an impact that we provide an impact on the services that we provide to the University of Arizona global campus. And then we just we really delve in and we really turned back costs some things that we may have relied on others and outsourced in the past. We brought in-house and we're handling ourselves."

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Numbers don’t lie and you can’t outrun or hide a bad reputation. Of course they will continue to say they’’re optimistic so they don’t start seeing people jump ship. It’s hard to believe the optimistic attitude of a company who thinks nothing of batching people up and letting them go with no previous indication they’ll be losing their jobs. The deception continues…

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