Thread regarding Universal Technical Institute Inc. layoffs

whew how about that earnings call

if they are doing a turnaround you sure can't tell from their financials

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Post ID: @UAxQQKq

9 replies (most recent on top)

I remember a few years ago there was talk of a riff. Management absolutely denied it, even though I read about upcoming layoffs from an Arizona based newspaper. Still, they persisted, layoffs not part of the conversation. The next week, layoffs happened. I never felt so insulted and betrayed at the blatant lying. In other words, I wouldn't trust UTI management about layoff talk.

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Post ID: @UAxQQKq-7aba

Got it ... was this a leadership call? and were they discussing a company wide RIF?

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Post ID: @UAxQQKq-4eoc

Right! Sure they did!

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Post ID: @UAxQQKq-4uak

Actually, my friend sat in on a conference call. Take it for what it’s worth.

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Post ID: @UAxQQKq-3jck

So you heard second hand from a friend, who heard one side of a conversation, that likely was also secondhand, about a possible RIF?

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Post ID: @UAxQQKq-3jvq

A friend who works at the Rancho campus said they overheard a phone conversation talking about an upcoming RIF...good luck!

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Post ID: @UAxQQKq-3yeo

Next quarter is always there. Define “better”. Maybe the execs getting rich and collecting bonuses makes next quarter better?

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Post ID: @UAxQQKq-2exi

every earnings call for the last 16 or more has Kim saying that things are getting better next quarter! When does next quarter get here and when will the board and stockholders have enough?

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Post ID: @UAxQQKq-1iwg

still managed to pay those bonuses!

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Post ID: @UAxQQKq-png

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