Thread regarding Corinthian Colleges Inc. layoffs

Today how many more, new indicators of bankruptcy were announced?

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Post ID: @OP+wQSqQJZ

10 replies (most recent on top)

  1. Reduced pay, 2. Reduced hours without pay, 3. Long voluntary time off without pay.
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Post ID: @1iP5+wQSqQJZ

Hahaha..who is saying anything about a scole deal??? Cite your source.

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Post ID: @19za+wQSqQJZ

We're being told that part of the deal is that the new owners keep using Socle's services, basically forever. We were told that CCi had to use Global's services for twenty years as part of a similar deal. The top brass will stay on and get rich off of overcharging for our pathetic service. It's kind of a backroom deal thing, where the owners get a really cheap price and the execs have set it up to keep making millions.

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Post ID: @1bRW+wQSqQJZ

I don't know why CCI employees think a new owner will keep Their services...that kind of idiot thinking is starting to get really annoying at this point.

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Post ID: @1ZJn+wQSqQJZ

If it is sold, then cost cutting would not be done by Jack and his boys. The new owner would do that after purchase. Please don't make the mistake that Everest or Heald are valuable in any way.

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Post ID: @1mls+wQSqQJZ

I thought the big call today included an announcement that the sales of Heald and Everest would be announced Friday. That's what I keep hearing in Tampa - was that not the case? It seems 3 unpaid days and 10% pay cut for 10 weeks is minimal cost cutting. There must be some good news on the horizon to justify that and no RIFs this week.

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Post ID: @19CF+wQSqQJZ

I do t think anyone cares about who you hated.

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Post ID: @wGt+wQSqQJZ

They will sell Heald for pennies on the dollar as a good faith effort and Everest will go BK. If anything god cones of this mess is that hopefully some of the useless dead weight will be canned. IT is full of them. Does anyone remember that useless POS Matt Ormond who got canned from IT than cried to Eeva D. and she placed him at a campus to shut him up. He was so useless and clues less about technology and was lazy as Daniel Hu.

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Post ID: @zsr+wQSqQJZ

Teach out. Close. Sell. Bankruptcy. Is there a scenario in which everybody keeps their jobs? No.

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Post ID: @4gU+wQSqQJZ

No money and no buyers is the two big ones I heard. That and "no plan."

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Post ID: @577+wQSqQJZ

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