Bridgepoint Trims Work Force
Career College Central summary.
Bridgepoint Education has eliminated a total of 117 jobs in San Diego, Denver and Clinton, Iowa, to better align its staffing with its student enrollment. The job cuts were across the board, with no one department targeted. Employees were told of the layoffs last Thursday.
Bridgepoint, a career college, operates Ashford University, which is based in San Diego but has a campus in Iowa. The company also owns University of the Rockies in Colorado. Job cuts were made at Bridgepoint’s headquarters and the Ashford University operations, but not University of the Rockies. Most students attend Ashford University, with a majority taking classes online.
Bridgepoint’s colleges have seen declining enrollment — partly by design to meet accreditation standards. At the end of September, the colleges had 68,566 students — down from 91,358 a year earlier. The company said it expected to see enrollment begin to grow again starting in the fourth quarter of last year. The company is slated to report fourth-quarter earnings next month.
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U-T SAN DIEGO