Iowa college’s parent company announces layoffs
CLINTON (AP) — The parent company of Ashford University in Clinton has announced a series of voluntary layoffs due to falling enrollment.
KWQC-TV in Davenport reports the parent company, Bridgeport Education, will cut positions to align its employee base with enrollment.
Total enrollment at the company's academic institutions, including Ashford, fell to less than 79,000 students this year, compared to nearly 95,000 in the previous year.
Ashford University employs roughly 400 people. University officials declined to say how many they intend to cut, but hundreds have been given the option to voluntarily resign.
Faculty members and certain departments are exempt from the voluntary layoffs. Those resigning will receive three months' salary as a severance.