Here is what I heard: UOP nixed cca 700 folks on Monday 11/29...
It's huge... Most of the folks affected worked in The Valley of the Sun (Phoenix metropolitan area)...
Now, since lines between Apollo group and University of Phoenix are thin, folks affected are both Apollo and UOP oflks...
There is a doc filed with the SEC in which Apollo outlines the moves as 'organizational restructuring' - I'll look for the doc and post the link here...