DeVry, one of the nation's largest for-profit education companies, is facing hard times.
The Downers Grove, Illinois-based company -- the parent of DeVry University and other sellers of education to adults -- announced this week that it plans to cut 570 jobs, or 5.5 percent of its total workforce, amid declining enrollment.
According to Bloomberg News, DeVry shares also lost more than a quarter of their value in early trading on July 24.
Bloomberg News also quoted an industry analyst stating that "DeVry's competitors were faster to adjust to new scrutiny of student-recruitment practices."
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment