Thread regarding University of Phoenix layoffs

UOPX is NOT closing!

Please folks, the financials are public. UOPX has $1.4 Billion in the bank. They took a small loss last quarter, not that big of a deal.

Looking forward, they are bleeding enrollments and student. Long term, this place is headed to the ground. The management at the higher levels is absolutely awful. There should be no confidence of a turnaround. Anticipate double digit enrollment loses to continue.

More problems, they will run into problems with the 90/10 rule within a couple years, meaning at least 10% of their tuition has to be non financial aid paid tuition. Also, they will run into problems with the 3 year 25% default rule. Meaning they can't average a 3 year 25% default rate. Not to mention any other regulatory or law suits filed that could disrupt current status quo.

I worked there for 7 years and quit on my own accord. I can't stress enough the terrible decision making from a corporate level. There should be ZERO percent confidence in these guys getting anything right.

by Anonymous111509
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Post ID: @OP+CezypBs
Comment! It's anonymous!

4 replies (most recent on top)

1.4 Billion? Ha that is weak sauce. After 2010 any good sales person left. No good sales people are still at uop

by Anonymous111704
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Post ID: @1odf+CezypBs

Anonymous111521- From the personal viewpoint it probably was better but from society's perspective it would almost be better if some people did get killed. The scale of this greed has been destroying thousands of lives for a long time. The principle perpetrators of this graft have not ever been faced with any real world consequences of this damage.

by Anonymous111528
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Post ID: @P1M+CezypBs

This could have gone much worse today, thank god no one was killed or hurt worse why can't people just accept that things don't always work out the way YOU want them to. What is the sense in hurting people over losing a job it's just a job!!

by Anonymous111521
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Post ID: @Fbz+CezypBs

Not what we've been hearing, almost $100mil in a year. So if they're worth 1.4bils, thats 1/14 of the principal, another year at 150 or 200? Yeah, that dog won't hunt buddy. Tell that news guy, maybe that's the story you'd like everyone to hear; it's not the truth though. Are you scared of losing investors? I would be if I were you. No one wants their life savings mismanaged, company's hedge/401k/portfolios. That's terrible. Incompetence has the same result as stealing, the investor loses.

by Anonymous111516
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Post ID: @2yp+CezypBs

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