Bridgepoint lays off 167

Career College Central Summary:

  • San Diego's ABC 10News reported Monday that Bridgepoint Education had laid off 167 employees with two month's severance.
  • The layoffs come just as Bridgepoint is set to report its Q3 earnings results prior to the market opening Wednesday morning.
  • The station got the news about the third round of layoffs in 16 months from an anonymous source within the for-profit education company who was concerned that they would be among the next to be let go.
  • Like many for-profit higher ed companies, Bridgepoint, which operates Ashford University and University of the Rockies, has recently seen financial issues, as well as state and federal investigations.
  • Bridgepoint operates in a total of five states and has over 7,000 employees and, as of June, 61,000 students.

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