Thread regarding Universal Technical Institute Inc. layoffs

Fewer students but the bonuses keep getting paid

So here we are another loosing quarter, fewer students , empty classrooms and building a new campus. Since 2010 we've gone from 18600 students to 10900 at the end of 2017. That's a loss of 1100 students a year, and I don't even have a business degree to figure that out. Here's some other numbers. During that time 46.5 million dollars were paid out in bonus add the stock based compensation and the total comes to 84.4 million. That comes to just under 11 thousand dollars in bonus for every LOST student. Would someone please tell me why I should worry about saving the company money? Oh I forgot "we're all in this together"

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Post ID: @S357Pji
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9 replies (most recent on top)

Wow, are the top execs planning on doing away with health insurance and retirement? If so, that is extremely sad. I for one and glad I left before all this went down. Out of Rancho and I couldn't be happier. I think my last day of work there was one of the happiest days of my life, I couldn't even fake being sad like the others. I just got another pop up that rancho is looking once again for another advisor. That's what, like 5 or 6 people that quit one department in less than a 16 months? I never realized things were so bad that they're either firing their advisors for not maintaining their minimum number of students starting, or their employees are quiting due to all these changes and life-support style micromanagement. Tuition is just too high.

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Post ID: @S357Pji-erax

I cant believe that place still exists. Went on a tour of a campus recently. Classrooms are empty and even the msats are empty or not running.

Nobody looked alive. Just treading water.

Now, no severance? Goos good with the no insurance and no retirement theme they have going on.

You guys (instructors) would be wise to Unionize.

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Post ID: @S357Pji-ccuo

No severance pay for staff? No problem! Staff (and students) can apply at Toys R...uh oh....never mind.

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Post ID: @S357Pji-cezl

they're going to do away with severance for the employees not themselves. what are you nuts?

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Post ID: @S357Pji-9qtq

I thought the top execs where going to do away with severance pay. Either way, the employees UTI has left are better off looking for new jobs, just in case. The last few years I worked there, I was constantly working on my resume and looking for new opportunities elsewhere. My last day at UTI was the best day ever, I felt free. I do know the feeling of the people at Norwood are feeling.

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Post ID: @S357Pji-7qcq

Just remember no campus operates at a loss, All monetary losses come from home office. So spend, spend like you have never spent before! F--- home office steel tools and everything you can because they are steeling from you. They get bonuses but you don't get a raise steel your sue raise!

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Post ID: @S357Pji-5uqx

The morale at our campus has hit an all time low. Norwood has a little over three students and quickly dropping. All the employees who are left are waiting to be canned and are staying for the severence. It's very morbid, waiting and going through the motions of every day expecting it can be your last. The campus president is a dbag, there is nothing to worry about, we are doing ok. Nothing to see here, turn your head the other way. Favoritism goes a long way in the boys club in management. They will smile at you while the knives come out. Toxic envirnoment. Norwood needs to close the doors and call it a day

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Post ID: @S357Pji-5qnd

Well, I'm certain UTI's new strategy of getting high school juniors to take a three week summer course for free (combined with making the admissions reps and FA advisors bombard these kids with calls every month or else get low performance reviews) will certainly pay off. I mean, if reps pushing the employer tuition/loan reimbursemet didn't get more "butts on the seats" certainly getting 16/17 year olds who don't know what they want to do with their lives to take a free class should easily inspire them and the parents to get into big debt and plus loans. I really like the part about the company building a new campus while every other campus is in life support while executives get top bonuses yet the hourly employees at the campuses get hired at $13 to $16. Travesty.

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Post ID: @S357Pji-3ydv

You need alot of money to face the economic headwinds we keep telling you about. Its windy at the top.

I may be short but you are all pretty stupid if you cant figure that out.

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Post ID: @S357Pji-hxk

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