Apollo Group, University of Phoenix to lay off employees
By Catherine Holland
PHOENIX -- Apollo Group, the parent company of University of Phoenix, confirmed Tuesday that it will notify and lay off 500 employees this week. A spokesman wouldn’t comment on specific positions, but described them as non-faculty jobs.
The announcement coincided with the release of the company’s annual report filed with the U.S. Securities and Exchange Commission.
A spokesman for Apollo Group said the layoffs are spread nationwide across Apollo Group’s various higher-education schools. There's no word on how many jobs will be lost in Arizona, which is home to the company’s headquarters and largest number of jobs.
The annual report also noted a decline in student enrollment, as well as the closure of some ground campuses.
A statement released by Mark Brenner, chief of staff for Apollo Group, Inc. read:
“We are making critical changes for the future of this company—so we are best positioned to serve the hundreds of millions of working learners demanding higher education globally. History will judge how successful we are.”