- Associated Press - Thursday, May 5, 2016

PITTSBURGH (AP) - Pittsburgh-based Education Management Corp. is laying off 200 workers, mostly in the city and in Phoenix.

Spokesman Bob Greenlee says the cuts account for less than 3 percent of the corporation’s workforce. EDMC’s website says it has 20,800 workers - meaning the cuts would be about 1 percent - but Greenlee says the website number is out of date.

The workers being cut are mostly online Art Institute employees. The company previously said it’s closing 18 of it 51 Art Institute schools nationwide, though its Pittsburgh campus will remain open.

EDMC has struggled with falling admissions and declining profits after the Justice Department challenged its enrollment and recruiting practices.

The company in November agreed to pay $95.5 million in penalties and forgive $102.8 million in student loans.



Click to Read More

Click to Hide