Thread regarding Corinthian Colleges Inc. layoffs

No guarantee

There is no guarantee they will be able to sell all of these campuses. And right now Socle depends on CCI to pay the bills. Socle needs to obtain enough clients to operate alone without being dependent on CCI. Right now they can't do that. If CCI cuts off funds to Socle and they were just depending on their current and near future clients the company would tanks Unless they got someone or some people to heavily invest in them. So Socle employees don't brag just yet. According to this article they will have a hard time selling Everest. Everest is tainted in the Education industry.There will be more than 12 campuses that will have to close.

http://www.reuters.com/article/2014/07/25/us-corinthian-clgs-sale-idUSKBN0FU19520140725

by Anonymous23154
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Post ID: @OP+wOYuF6R
Comment! It's anonymous!

9 replies (most recent on top)

23158, is sockle's debt connected to

CCI? CCI has no credit. Not a single investor or back or investment firm is helping them out. CCI is having trouble with vendors, so there's serious crap going on.

by Anonymous23176
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Post ID: @icA+wOYuF6R

Read 'Jack's Facts' by Nancy V. We are all fine and likely keeping our jobs. Now do what you're told and get back to work!

by Anonymous23175
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Post ID: @Ms9+wOYuF6R

Don't worry! They will just rebrand and everyone keeps their jobs!

by Anonymous23174
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Post ID: @jhB+wOYuF6R

Oh yeah, we're gone in six months tops. I'm IT so I'll have a new position by then. I'll be laughing at the mgmt, though. What numbnuts they all are!

by Anonymous23166
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Post ID: @GUQ+wOYuF6R

oh please, we are so golden....

by Anonymous23162
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Post ID: @pa0+wOYuF6R

How will Socle pay the roughly $362,275,000 in debt that's due in the next eight months?

by Anonymous23158
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Post ID: @hCm+wOYuF6R

LOL. Right. The propaganda.

by Anonymous23157
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Post ID: @Gg5+wOYuF6R

You forgot to read the FACTS as published by CCi...

by Anonymous23156
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Post ID: @V9H+wOYuF6R

Socle employees need to stay humble and realize if we fail they may in fact fail too. They don't make enough to cover operating costs or advertising. CCI is paying for that. Not your two or three little clients. You are bragging about the clients you are getting in couple of months. Even with those companies you couldn't keep the lights on. IT is trying to customize it too much and now you have to pay high IT maintenance and development costs.

So Socle employees I wish you well, but stay humble. Socle isn't all of that!

by Anonymous23155
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Post ID: @0ir+wOYuF6R

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