Thread regarding Universal Technical Institute Inc. layoffs

Ok... so the fiscal year just ended... when are layoffs?

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Post ID: @Vz9M86b

9 replies (most recent on top)

Earnings call today. Should be intersting. I remember when we got bonuses at UTI. It was awesome. That was a long time ago.

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Post ID: @Vz9M86b-Oxuo

There will be no layoffs. Buyout? Maybe. Closing? Maybe.

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Post ID: @Vz9M86b-Fmgb

Whoo hoo! Stocks up to 2.61! I’m buying in on this up and coming trade school! What could go wrong?

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Post ID: @Vz9M86b-Crxx

Well, EPS is predicted to be down +500% year over year. That really s---s. Your days are numbered. Get while the gettin is good.

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Post ID: @Vz9M86b-qldg

Lay offs? were a skeleton crew in my department now! Morale is at an all time low, instructors are forced to double every course. No one is being replaced as they quit. 90% of the fine people on my team are looking for new jobs. And we are loosing an instructor every 3 weeks. My god our trash is being taken out once a week. We are waiting for the rationing of toilet paper or BYOTP memo! I barely ever see our Campus President on campus anymore. A director can't be found....ever! Wake up folks, were not even owned by UTI anymore. Coliseum is going to make their money back and the exit strategy is already in place. The benefits s---, There will be no bonuses this year unless you are a director or work at the money eating monster they call the Home Office or you consider Kim's token holiday email a benefit. In case you forgot what she looks like her picture is on the inside track as a momento. We've been asked to work more nights and weekends. Remember the days when we wanted to be a great place to work? Sell your stock if you own any... how much more of a bath do you want to take on it and look for a progressive, forward thinking company. UTI has become just that, the universal technical infection!

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Post ID: @Vz9M86b-lfni

now that they fired their consulting firm what's next for UTI. Enrollments are still in decline the transformation seems to have fizzled out. could layoffs or campus closures be far away?

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Post ID: @Vz9M86b-kuph

What! We have a lot of money. Jerome Grant just paid McKinsey 4 million to get out of a contract. Kim grossed 1.3 million and Sherrell and Lori smith grossed over 1.1 million last year. UTI has got to be rolling in $

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Post ID: @Vz9M86b-hbtp

UTI is short on money and time.

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Post ID: @Vz9M86b-6deo

Well, stock price was at 2.50 today. Ahhhhhhh, the old days when they were over 40.00 and times were good.

Your days are numbered people. I am amazed at all the good people who have left on their own. Much less, been fired. (Code word for laid off)

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Post ID: @Vz9M86b-1klg

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