Verbatim, from an email received within the past hour.
"The steps being taken will necessitate changes to current staffing at your campus. Staffing changes will be made gradually between now and the end of the calendar year. Some employees will exit in the near-term, others will be asked to stay for a longer period, including through the transition, to ensure that we meet the needs of our continuing students. Each employee will receive notice of their exit date as far in advance as possible."