Le cordon blue closing all US schools?!

Soooo one of my cooks came in today telling me about how everyone at her lcb were rounded up and told how all locations are closing. So I found this http://www.grubstreet.com/2015/12/le-cordon-bleu-closing-usa.html . Crazy. While I've always been with the camp saying the price was totally disproportionate to the expected income and that , generally, cooking schools have an unrealistic approach to the industry- I'm kind of sad to here this. This does not bode well for a more educated workforce.