Thread regarding University of Phoenix layoffs

This quarter, degreed enrollment was about 270K, roughly 18% drop if compared with the same quarter of last year. New degreed enrollment was around 40K down 22% (same comparison as above). So, we are looking at 25% drop quarter over quarter as we roll into 2014. This means that we'll have to cut approximately 30% of employees to keep our heads above water. So, whatever the headcount this year is, we'll have 30% resources as we enter 2015.