Career Education Corp. to Cut 600 Jobs

January 20, 2011

One of the largest publicly traded higher-education companies said Wednesday that it would cut 600 jobs over the next several months, citing changes in its own business strategy and the "slowing student enrollments across the private-sector postsecondary education industry." The announcement by Career Education Corp., which has about 13,000 employees at about 90 campuses, was the latest signal that for-profit colleges are seeing significant changes in the face of more federal and state scrutiny about their financial aid and other practices.

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