Thread regarding Education Management Corporation layoffs

EDMC CLOSING STILL HAPPENING JUNE 30?

Any word on if things will still hit the fan on June 30th? Updates?

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Post ID: @OP+I6mdNPT

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http://www.ask8ball.net

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Post ID: @2mzg+I6mdNPT

My manager said we're having a party!!!

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Post ID: @zdv+I6mdNPT

Yep....more fraud from this company. They have people, directors, clubs, organizations and faculty who have been gone for years. This company will continue to spew lies and deceit to keep taking government money.

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Post ID: @hpm+I6mdNPT

Actually, it makes a lot of sense. The stock is at .02 cents a share. The company is worthless and right now there's just barely enough staff to keep schools ticking over. If you're wanting to shut the business down, and the end of your fiscal year is the target date, this quick - step approach isn't a bad way to do it. Fewer people on the last day means fewer problems. The tell for me was AI San Antonio. It was a small, fairly successful school and Pittsburgh still decided to eviscerate the faculty and staff.

June 30 is fast approaching. We'll have to wait and see.

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Post ID: @pxk+I6mdNPT

Why would they go through these layoffs if they were closing the doors a week later. . pure gossip!

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Post ID: @fyg+I6mdNPT

AI is running on fumes. There's nothing left. I noticed on the AI website that they're still using a lot of ex faculty bios to help sell the place. It wouldn't surprise me at all if the school closed down on June 30. I think that date marks the official end to their fiscal year.

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Post ID: @jrl+I6mdNPT

Nothing is happening. It would have happened last week

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Post ID: @rue+I6mdNPT

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