Thread regarding Universal Technical Institute Inc. layoffs

Earnings call.

Not bad. They are only losing an average of 1.9 million a month.

How long can they face these economic headwinds?

I thought businesses were supposed to make money! Not piss it away.

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Post ID: @YZlrcPk

4 replies (most recent on top)

not making budget so more impossible cuts to the skeleton that is UTI. as one manager said we're now cutting off limbs to try to stay afloat. more job cuts on the horizon

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Post ID: @YZlrcPk-cjzz

More losses still paying bonuses.

When will the board of directors realize the hard working employees feel like they’ve been s..t on every time these earnings are reported. Instructors working 75 hours a week so someone else can get a bonus. People are leaving NTI thanks to p.ss poor management, instructors, IT, even an education manager finally decided this is a sinking ship. Too bad that a once good company has been ruined by the college educated id--ts. You think metro campuses are going to save the company? You better think of a different strategy. 45k vs 2500 at a community college is where the problem lies. Too many executives s---ing the life out of UTI. So sad to see it crumble before our eyes.

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Post ID: @YZlrcPk-9owm

I know this is off subject. Anyone that is still an employed Instructor take a look at the Inside Track. Just proof that these home office id--ts don't have a clue about who our instructor are. Look at the middle picture thanking all the Instructor for teacher week! The guy in the middle is one of our past Exton Campus Presidents Ken Luwendoski that got fired years ago. The picture is of him and students. No instructors! Dumb home office id--ts don't even know who is working for them. Glad I work doubles so these Home Office id--ts can buy big houses and fancy cars!

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Post ID: @YZlrcPk-4gov

Wow, still losing money. My bet is that is keeps on keeping on for the next two quarters and there are big changes in the fall. FY19 ends in September right? After a year of losses it’s time for the executives to be removed. That have mismanaged the company into the ground.

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Post ID: @YZlrcPk-lxd

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