Thread regarding Education Management Corporation layoffs

"Among other long-term cost savings efforts, we plan to continue to pursue the consolidation of some of our institutions in order to achieve operational efficiencies and support our student affordability efforts. We anticipate that these efforts will allow us to enhance our programmatic and degree offerings, decrease our administrative costs by simplifying our structure and streamlining our compliance efforts, and better standardize the roll-out of academic programs across our national footprint. We believe that these affordability efforts contribute significantly to our core mission of educating students. Student concerns regarding the assumption of additional debt in light of the current economic climate have given rise to reluctance to pursue further education."..... http://biz.yahoo.com/e/141016/edmc10-k.html