"The powers that be kept cutting faculty to 'save money' completely unaware that their entire business model depends upon selling classes to students," the faculty member continued. "No teachers means no classes. No classes means no revenue... So, they would fire more full time faculty and hope that it had a different result. What happened was students vanished because they were not going to be able to graduate and the quality of instruction and resources went poof."
https://www.thestranger.com/slog/2019/02/26/39310140/art-institute-of-seattle-is-facing-closure-leaving-some-students-scrambling