He told me as though it wasn't me being fired but who knows in this crazy company! Does anyone know more about which departments will definitely be affected?
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APOL says they are working to improve student retention and reduce defaults..."Apollo Education revenue disappoints as enrollments decline.....(Reuters) The company also said it had received a subpoena from the U.S. Department of Education's Office of Inspector General, seeking information on marketing, recruitment and financial aid processing since 2007 at the university's centralized service center for the Northeast in Columbia, Maryland. (r.reuters.com/huj28v)....Degreed enrollment at its flagship University of Phoenix fell 16.8 percent."....http://www.reuters.com/article/2014/04/01/us-apollo-education-results-idUSBREA301WL20140401
If you are in ops or management you should pray very long these next few days. The Senoir management team in PHX sure did pick an odd date to talk about results and projections. I guess that those who believe they are safe are the queens and kings of buffoonery.
May is when the quarter ends and today is April Fools Day!!!
Mostly middle managers across all departments. There are too many operations people and many of these people will be eliminated.
Layoffs=Greater Profits (and Higher Stock Price). The market loves to see layoffs at APOL. The problem is that APOL may be getting rid of the wrong people.