“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.
About the blogger
Alex Friedrich reports on higher education issues for MPR News. Among the stories he has covered: the fall of the Berlin Wall, aftermath of Hurricane Katrina, collapse of the I-35W bridge in Minneapolis, 2003 Moscow suicide bombing and 2004 presidential elections in the Republic of Georgia. He holds a bachelor’s degree in journalism from the University of Georgia and a master’s in European political economy from the London School of Economics.