A standardized test company is allowing voluntary resignations from employees to save money | Pixabay
A standardized test company is allowing voluntary resignations from employees to save money | Pixabay
An Iowa City-based standardized test company said it will accept voluntary resignations from employees in an effort to save money.
The Gazette reported that the resignations are among several cost-cutting measures ACT is taking.
Workers who choose to resign will receive severance pay. The publication reported that ACT is unsure whether there will be non-voluntary layoffs.
“This is an evolving situation, with various scenarios that we are monitoring closely,” ACT spokesperson Tarah DeSousa told The Gazette.
ACT, which has a workforce of approximately 1,100 employees, also experienced a change in leadership at the top. CEO Marten Roorda will leave the company and CFO Janet Godwin will fill the position on an interim basis.
“We thank Marten Roorda for his service and vision to transform the organization into one dedicated to advancing learning, measurement and navigation,” DeSousa told The Gazette.
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