Bridgepoint Education Inc. Layoffs

Topics regarding layoffs at Bridgepoint Education Inc.

More losses

Q2 Non-GAAP EPS of -$0.15 beats by $0.05; GAAP EPS of -$0.58. https://seekingalpha.com/news/3488921-zovio-and-nbsp-eps-beats-0_05-misses-revenue

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Post ID: @10quJQ0P

Will the numbers be correct this time?

"Zovio (ZVO) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2019. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the... —  read more 

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Post ID: @107mBzcV

Cooking the books?

Why are the enrollment numbers for Ashford University reported to the SEC so much higher than the numbers reported to ED? Is it simply a matter of definitions, or is someone cooking the books? If it is cooking the books, are all the subprime... —  read more 

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Post ID: @106H3kHa

Not quite a dead cat bounce...

Zovio continues to limp along. The shares aren't so low that we can call increases a dead cat bounce. But the next earning report in late July will be interesting. Not sure what to make of this, but a former PwC auditor is now on the Board... —  read more 

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Post ID: @ZSV7DZT

248 jobs cut

Just reading this from local paper, which published the WARN notice on the layoffs in San Diego:... —  read more 

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Post ID: @ZDbsTwG

Share price down to $3.51

It's early in the game, but this looks similar to COCO, ESI, EDMC, and NAUH.

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Post ID: @ZxegCQR

Massive firings today

Vp of enrollment and almost all of the managers are fired in enrollment .. esas are being walked out one by on

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Post ID: @Zwmk1kg

Bridgepoint was just a symptom

Michael Clifford, Bridgepoint and Ashford University were just symptoms of a madness, brought on by a contagion of greed, a College Mania! that is still perpetuated by... —  read more 

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Post ID: @ZtUFsnu

"What If Online Education Simply Doesn't Work?"

"There‚Äôs already emerging consensus, for example, that online programs, sometimes referred to as distance education programs, routinely fail students in need of remediation or those without high self-motivation or advanced learning skills."... —  read more 

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Post ID: @ZjtpPr5

Ashford featured in NBC News Investigates

Ashford University was highlighted in this NBC News investigation. https://www.nbcnews.com/politics/politics-news/veterans-could-be-first-pay-devos-rolls-back-profit-college-n985891 —  read more 

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Post ID: @YAayfj9

No price for leaving San Diego?

Zovio is largely leaving San Diego, only thinking of cost cutting...again. Sounds like there is little grumbling. https://www.glassdoor.com/Overview/Working-at-Zovio-EI_IE32643.11,16.htm But this is not the first time that this organization abandoned... —  read more 

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Post ID: @YtrBeF8

Call center and academic advising shipped to Arizona

Day after the party celebrating the rebrand each department had an organization update. The call center has two months to relocate to Arizona or they are jobless... student advising has six months to move or they are done as well

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Post ID: @Ypf1AEH

Zovio: Let the Whitewashing begin...

Looks good on the outside...I wonder how much it will cost for the rebranding https://www.zovio.com/our-story/corporate-social-responsibility/ https://www.zovio.com/who-we-serve/higher-education/enrollment/... —  read more 

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Post ID: @YoIBf3M

Why Bridgepoint Purchase of Full Stack is Half-Baked

What were the names of the bootcamps that Apollo Group and Dream Center had? " Bootcamps may not be technically a scam, but they come awfully close."--Richard Kenneth Eng, former Project Team Leader at ATI Technologies (1993-2000)... —  read more 

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Post ID: @Y4QcuuF

Restated numbers are gruesome. Layoffs are inevitable.

The Company anticipates reporting the following financial results for the fourth quarter ended December 31, 2018: Operating loss in the range of $13.6 million to $14.0 million. Net loss in the range of $13.4 million to $13.8 million... —  read more 

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Post ID: @Y1UcbBa

The Bridgpoint scandal. What you can do.

It's good for Bridgepoint Education and Ashford University that they have lots of friends in DC. But fudging numbers is a really bad idea. Look at what's happened at Dream Center Holdings and the collapse of Argosy University and the Art Institutes... —  read more 

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Post ID: @Y1zoF6c

Ashford will be the next to shut down

Stock down 30 percent due to fudged numbers, vp of ops fired, new COO passing everyone off, and almost all of San Diego enrollment on corrective action and Arizona doing terrible

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Post ID: @Y0sSfmV

More bad news

https://www.marketwatch.com/press-release/shareholder-alertinvestigation-of-bridgepoint-education-announced-by-holzer-holzer-llc-2019-03-07

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Post ID: @XXtv8kx

Stock down 30 percent vp out the door

Vp on operations is canned, stock down 30 percent and board of directors in town followed by accreditation visit next month.., get those resumes handy

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Post ID: @XXVNBa0

A glut of subprime college workers

Looks like workers at subprime colleges are becoming a dime a dozen. Lots of hungry people looking to take Bridgepoint jobs. https://www.linkedin.com/pulse/college-meltdown-means-less-lower-enrollment-revenues-dahn-shaulis/ —  read more 

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Post ID: @XVx5AMA

Ashford Moves Closer to Becoming Nonprofit

"The Internal Revenue Service last week determined that Ashford University is exempt from federal income tax." https://www.insidehighered.com/quicktakes/2019/02/18/ashford-moves-closer-becoming-nonprofit —  read more 

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Post ID: @XGpeR8y

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