In order to better align personnel resources with the impact of previously announced institutional initiatives regarding enrollments, on June 12, Ashford University offered certain employees the opportunity to participate in a voluntary separation program. The program excludes all faculty, admissions, and certain other personnel. On June 17, management re-evaluated the extent of the program and committed to a revised program. All employees terminated under the program were notified on or before June 24 . In addition, on June 18, management of Bridgepoint Education, committed to a plan of termination affecting certain of its employees and resulting in an immaterial one-time charge.The combined separations are expected to result in consolidated costs for one-time termination benefits of approximately $6.2 million, to be paid by September 19.
- Bridgepoint Education
- Ashford University