Thread regarding Zovio (formerly Bridgepoint Education Inc.) layoffs

UAGC aquires Zovio online program assets?

What does this mean for workers and students?

https://www.insidehighered.com/news/2022/08/01/arizona-global-campus-buys-assets-online-management-contractor

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Post ID: @OP+1i0AiMkf

6 replies (most recent on top)

How can you shame the students for requesting a discharge as your reason for closing your doors? A discharge does not require the school to return the money. I am confused please clarify…had you served the students with true intentions focused on quality education creating a stronger workforce your organization would not be listed as predatory…

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Post ID: @aswl+1i0AiMkf

@2lff+1i0AiMkf, Zovio should survive until at least 2023, with the Amazing Randy at the helm--and even if there are a number of lawsuits from shareholders. Too many cash payouts to executives if they can keep the ship afloat. To give you an example of how long a loser can last, take a look at National American University Holdings.

https://www.thelayoff.com/nau

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Post ID: @2znh+1i0AiMkf

And another 30%. It means Zovio is done

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Post ID: @2lff+1i0AiMkf

Here's the Earnings Call...

https://seekingalpha.com/article/4528257-zovio-inc-zvo-ceo-randy-hendricks-on-q2-2022-results-earnings-call-transcript

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Post ID: @crp+1i0AiMkf

It means Zovio doesn't have much of a business anymore. They got rid of TutorMe, and the OPM business was most of their revenue. Just Fullstack Academy now?

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Post ID: @rjh+1i0AiMkf

Zovio shares down 33 percent today...

https://seekingalpha.com/symbol/ZVO

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Post ID: @pos+1i0AiMkf

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