Just take a look at all discussions that are happening at the University of Phoenix, Corinthian Colleges and Apollo Group boards - not much different here at Bridgepoint Education. Bridgepoint is big, 7000 people in the States, 3000 here in California, mostly San Diego area. We had massive layoffs back in January 2012 but then it stopped. Now the question is how many folks will be axed now - hard to tell but given that the admission numbers are looking bleak I am pretty sure it'l be massive.
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