Capella Education To Cut 4% Of Non-faculty Workforce - Update

Source: rttnews.com Posted By: Claire M...4562 days ago

Capella Education Co. (CPLA: News ) said Tuesday it expects to eliminate about 65 positions, or 4 percent of its non-faculty workforce, citing its transition to a new brand-driven marketing strategy. The provider of online post-secondary education added that Capella faculty will not be directly impacted by this change.

The workforce reduction will result in a charge of about $1.4 million in the fourth quarter ending December 31, 2011, with expected annualized cost savings of about $5.5 million.

Minneapolis,....

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