Thread regarding University of Phoenix layoffs

Holy hell, just like the article said, the stock has plunged, yeah that must not be a very good place, sounds just plain wrong

Done for day, report came up, more layoffs are coming, even more out-of-state workers but we could see hundreds more here within the week. Apparently yesterday wasn't enough. It's going to be more enrollment, academic advising, and some financial aid-particularly special programs (VA, federal grants). Apparently the strategy is to pull in actual reps from the agencies bc they are paid by those agencies. This is going to suck

Wow just what the poster said, their stock is down almost 40% in 2days and a lot of investors have pulled out and are still doing so. That's a huge loss. Will the FTC commence their investigation for illegal operations? This is incredible

The schools cannot file bankruptcy or they lose any federal funding, that would put them out of business for sure.

I heard over 1000 people lost their jobs and University of Phoenix isn't macdonalds or Walmart, sounds like they're getting ready to close

For Not being on news, lot of many people know about this

I believe the school lost money, but the company going bankrupt? That's a lot. Isn't there any way they can save the school?

Complaining about it won't do anything

Good riddance!

Bad company to work for

Amazing, this is a big company, sure we'll be hearing plenty about this In the coming days. Glad I didn't own any of their stock.

Well as far as I know classes are still on and I plan on attending as usual

I went there a few years ago, had to drop bc I couldn't keep up with the work and my job at the same time, no doubt, it's REAL school work, but I've got REAL debt now, too, because of it.

@RealStudent I think the person that posted it copy-pasted it off a news article from Fox News, an account of a student...and I'm pretty sure all their sources are vetted. It WAS on the news today too, though. I don't know anything about the Phoenix campus but it sounds like a riot over there right now from people who are/were in the buildings, lot of fighting.

Wow - rarely ever seen a post that was so completely off. For one, UoP doctoral students don't attend classes at the campus, the programs are online. Also, last week Monday looked just like any other Monday to me, not 1/5 the number of vehicles. There is no library at the Tempe campus so the hours can't be cut (the library is online and open 24/7), and the cafeteria hours are the same as always. Finally, the University didn't have three consecutive quarters of losses, either, as anyone can research themselves. And the rest of the post is crap too.

Disappointed has made his entire rant up - nothing is even close to the truth here! Probably never even set foot on a campus or taken a class at UoP.

Yep it's happening, not good for investors, glad I didn't have anything with them. It actually could've been prevented if they did honest business, going to drag everyone down now with them. Unfortunate for all involved.

keeping a watch on Apollo Group stock symbol, a lot of people are pulling out, my dad's company pulled out last quarter. They saw the writing on the wall. I can't believe no one saw this coming! These guys must've had their hands in a lot of cookie jars. Anyone see the indicators today? This coupled with the Greek collapse today, the market is waaaay down. My dad said weeks ago that his advice if you have Apollo stick, dump it now!

Hi Bo, I heard it was tomorrow, but it's happening. This is a real tragedy for all involved. I just hope no one at the main campus does anything stupid, there's a lot of activity right now

Apollo Group is making the public announcement this afternoon that they're going to close the school. I guess that's that. My wife and many of our friends are going to be looking for jobs now. This is terrible, I'll bet there's going to be a VERY negative investor response. Whole financial group might go down with this, wrecked a lot of lives, thanks Apollo, enjoy those lawsuits.

The director I worked for just got fired, it's a madhouse in here, we have police in the building and a lot of yelling. So I've been told they're going to be liquidating assets over the remainder of the year and they are definitely closing. The article was off of a FoxNews live post from last week. Go to foxnews.com ,someone must have copy-and-pasted it. Word is that Apollo has plans to get rid of the school, so it is being closed

Damn lol lotta people on here ready to roll on university of Phoenix . Why work or go to school at a place like this?

Saw this on the news this morning. I got my masters from UoP in 2011, the courses were just as challenging as grad courses I had taken at ASU, just fewer people in classes. It's a shame to see they're closing their doors. I think it's primarily due to the perception that it's all online and flimsy when it really isn't. I also think there are a lot of people who don't have all their facts straight that have posted to this forum, not to mention some negative attitudes.

Pretty funny, 50 posts on here attempting to defend a criminal empire by cum guzzling brown nosers. Obviously a ton of people are getting the ax today going by the more recent posts, yet every time someone posts something like this there's a rush to fluff the boners of the company leaders instead of consider maybe its legit.

Disappointed - it's hard to believe anything you say considering your first sentence already shows your lack of knowledge regarding UOP. We DO NOT offer our doctoral programs at the Foutainhead campus so if you are actally attending the campus, you clearly have NO idea what program you are in.

Lol. I guarantee 99% of the lying sacks of shit posting here have never even attempted a college class. If you ever worked at UOP you would know people fail classes all the time due to the difficulty and time required to succeed. If you lie about that why the f*** would anyone believe a word you say?

Insert eye rolls for all this made up information. Stir the pot, f* with people's heads.... makes for more entertaining discussion.

How did you leave it with DOE, meaning did you get a case number or someone that will be following up your evidence and claims of wrong doing? How long have you been a FA?

DOE are the biggest crooks in higher education.

Why would DOE and HLC agree to minimize damage to Apollo Group?

I went to the DoE and the HLC and shared all the tricks enrollment has used over the years last month. Their mouths just dropped. One official with the HLC said they have been on to UOP and other for profits since 2009. This school is likely going to be spun off in order to salvage the international push APOL has made in recent years. The writing is on the wall. The DOE and the SEC will happily allow this to happen in order to minimize damage to Apollo Group. Greed and sleaze are the root causes here.

That bad that an entire company goes down for it? Glad I don't have money with those suckers, I feel sorry for investors that are going to lose $ and the students who just want to go to school

Anonymous111267 if you have been around UPO that long and feel the way you feel, why have you not left and contacted the DOE? I have never heard discussionsome with students about anything other than responsible borrowing. In fact the campus I work at go above and beyond explaining financial aid and reiterate a degree is an opportunity not a guarantee in the workforce.

I (still) work for uni of Phoenix And yes, I'll speak out first-hand at some of the unscrupulous behavior they've engaged in over the years. Did you ever wonder why most of DOEs student loan debt is incurred by universities that run the school for-profit? It is because in the 80s and 90s, before they attached the FAFSA to the taxpayer ID# (ss#), they used to make up students, old ss#s, the works. No joke. There is evidence. They also lie to prospective students telling them about the jobs they can get and internships they offer....none? this is why they're in so much trouble and will be paying out millions and yes the school will go out of business, not that I want to work for dishonest people anyway.

Anonymous111264 are you at a campus or a learning center and what were the criteria used to eliminate your coworkers?

I don't know what some people are talking about, cuts, he'll yeah they made cuts, there's only a few of us left for like 3 departments. Managers were let go and more than half the staff. As of Friday(which was only a half day) we have 5ppl where there were about 35 for those 3departments. It's really the fault of the company, the school is always in trouble because of how they tell us to conduct our duties, most days I feel like either a sales person or debit collector not an advisor

There hasn't been any talk of bankruptcy, stop stirring the pot. Anyone that TRULY knows anything, I guarantee, is no posting on this thread.

What OP said, it was on the news, are they closing right away or later this year, for all the students they used to have, that's a lot of jobs

Is it really this bad? The university is a huge company right?I thought Apollo was a private contributor, wow guess you never really know til it all comes out

Greedy white ppl getting what they deserve, they say it's the root of all evil, but what it means for a lot of people is they'll be out of school for a while until they find a new school

Well with the multiple lawsuits in play, the huge fallout of the university's earnings, seems like Apollo will lose a lot of money if they try to keep the school; there's no insurance for lying, cheating, and stealing. I agree with Jay Mallory; the cost of these mishandlings by the Apollo group will be born by the investors. It's a shame, too, because the economy is doing so much better like he says. That's people's retirements/life savings down the tubes because of these people, very sad