Thread regarding Universal Technical Institute Inc. layoffs

What happens in September?

I’ve heard that something is going to happen in September? There are so many rumors floating around. I’ve heard another big rif but not sure who or where? Anybody heard anything?

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Post ID: @10oaEELo

6 replies (most recent on top)

Good luck to all who have stuck around. It’s never fun wondering if you’ll have a job at the end of the day.

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Post ID: @10oaEELo-Lbqe

Earnings being a little better than expected doesn’t really mean much at UTI. Neither do past, present or future employees. Hence the reason for mandatory vacation time. The less vacation you have, the less they pay during a riff.

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Post ID: @10oaEELo-azpo

earnings better than expected.

https://seekingalpha.com/news/3489903-universal-technical-institute-inc-eps-beats-0_13-beats-revenue

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Post ID: @10oaEELo-3rhg

Earnings date is August 8th.

https://finance.yahoo.com/quote/UTI?p=UTI&.tsrc=fin-srch

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Post ID: @10oaEELo-1sul

Nothing like going to work and wondering.
Really sad to see this happen to good people.

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Post ID: @10oaEELo-jtw

People are nervous because the fiscal year ends at the end of September. I haven't really heard anyone talking about anything outside of the wonder as to whether they will decrease the workforce before the 2020 fiscal year starts.

We have had a lot of people leave, so I am not really sure how many more they can afford to lose.

I guess we'll see.

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Post ID: @10oaEELo-upv

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