Thread regarding University of Phoenix layoffs

FTC settlement

Under the settlement announced today by the commission, Phoenix and its private investment group owners will owe the FTC roughly $50 million in cash while forgiving another $140 million in fees owed to the university by former students who allegedly were harmed by the ads. The agreement does not include an admission of wrongdoing by Phoenix.

https://www.insidehighered.com/news/2019/12/10/ftc-and-university-phoenix-settle-over-long-running-investigation-advertisements?utm_source=ihe&utm_medium=editorial-site&utm_content=breakingnews

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Post ID: @OP+12rv6dPE

8 replies (most recent on top)

Dahn giggling happy and furiously mas—ating in Glee

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Post ID: @2hrv+12rv6dPE

University of Phoenix got off easy. Imagine if the US Department of Education had tried to claw back $1 billion for enrolling students who weren't really eligible?

https://dailycaller.com/2019/08/25/university-of-phoenix-student-loans/

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Post ID: @1jzn+12rv6dPE

Just saw the adds. Wow - if that promises jobs with these companies, I have a bridge to sell to you. What a stretch claim!! No wonder they don’t admit wrongdoing. And this is what came up with in a years long investigation?????

https://www.youtube.com/playlist?list=PLob1O8IDG1UCxbmihhhT7z8IDGVHk8CqG

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Post ID: @1hog+12rv6dPE

Not surprising there is no admission of wrongdoing ... nor is there a statement in relation to ethics moving forward. Just a “this wasn’t us.. it was the previous owners.”

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Post ID: @nlk+12rv6dPE

I am embarrassed to work here.

And still, no Xmas party either.

Coal for Xmas.

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Post ID: @eld+12rv6dPE

I'm just guessing but ... I bet the target markets just got smaller and corporate clients just teetered down to near zero. Workforce solutions are difficult to come by with bad press. There goes the balance sheet. What is next?

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Post ID: @jth+12rv6dPE

UOP is a great company. It’s not their fault they are criticized for every move they make and held to higher standards than most. The only thing I don’t understand is how we can afford to may 200 million in fines, but can’t break off a few bucks for a legit Christmas party. Looks like coal in our stockings again this year.

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Post ID: @uxg+12rv6dPE

At least they will have to pay even though they will never take ownership of their wrongs or apologize for their corruption.

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Post ID: @cxp+12rv6dPE

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