Why Capella Education Company laid off 63 people
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“2011 was a year marked by a challenging economic environment and increased competition for the high-quality learners Capella serves."
Capella Education Company CEO Kevin Gilligan on last year's revenue drop and news that it had to lay off 63 non-faculty positions. The company owns Capella University.
(Note: The previous version of this post had an incorrect statement about the timing of the layoffs. They happened last year, a company spokesman told me.)
Read the full Reuters story here.
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