Thread regarding Corinthian Colleges Inc. layoffs

4pm Est All Leadership Conference Call-Cost Reductions

So I have heard that Jack M has scheduled a 4pm est conference call for all Directors and above, and the title of it was "summer cost reductions" or something along those lines. Start bringing your own pens and toilet paper to work tomorrow for those of you that are left!!

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Post ID: @OP+wQTApYn

20 replies (most recent on top)

There is a call at 4. Confirmed with my director. Has anyone not noticed ECPO enrollments are still on hold by HLCvand they reopened leads for EUO Tempe?

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Post ID: @lh7+wQTApYn

My guess is immediate layoffs for some, furloughs that will turn into layoffs for others.

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Post ID: @sjx+wQTApYn

They should close down two of the online centers and assign the students to counselors at the remaining center. Can lay off 600 people, with no severance, and take a lease off of the books.

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Post ID: @rUN+wQTApYn

I'll bite. I believe there's a 4:00 call and that it's big. I predict massive layoffs announced tomorrow or Friday. I would say company-wide, about 25% of total staff. I predict big cuts in Tampa.

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Post ID: @YKe+wQTApYn

"Summer cost reductions." Hmmm, knowing how euphemistic CCI gets, and how much they love here corporate double-speak, wonder what that means? We should take (friendly) bets before the call. massive layoffs tomorrow? How many? No more toilet paper in the schools? What about for students? Do they get a few sheets if their financial aid will cover it?

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Post ID: @i6a+wQTApYn

There is no call; everything is fine, normal. No cost reductions necessary.

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Post ID: @8cF+wQTApYn

There is a call, all Directors and above, 4pm. Your Director is misleading you for whatever reason. But there is definitely a call to discuss summer cost reductions.

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Post ID: @DMF+wQTApYn

Anonymous23723 - No, but I asked my Director. The original post said "directors and above" so she would be included, but isn't scheduled for a call.

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Post ID: @JZM+wQTApYn

Are you a manager 23720?

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Post ID: @FBC+wQTApYn

Anonymous23676 - Calm down, there is no 4:00 call. This is just another troll trying to get a rise out of people who work for a living and are concerned about their futures. He's probably in his Mom's basement, posting on this site between watching porn, and giggling at the idea that someone like him might manage to cause upset.

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Post ID: @c8r+wQTApYn

Anyone on here who will be on that call? Maybe you could give the rest of us a head's up if anything significant is said? I have a bad feeling about this. It's been a month since the plan was due and I have a feeling there aren't any offers to buy us. It seems about time for everything to start winding down. Or maybe even bankruptcy.

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Post ID: @Ac0+wQTApYn

To ANYONE with common sense, mass layoffs were a certainty. The only shock is that they didn't happen sooner. Hehehehe.

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Post ID: @3Gk+wQTApYn

Late afternoon calls usually are followed by midnight emails. Yikes. This could be really bad.

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Post ID: @5mS+wQTApYn

4pm eastern is after the market is closed.

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Post ID: @lXT+wQTApYn

I bet management is doing their best to look as busy as he'll today!! Save their jobs and dreams ( of Mercedes!)

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Post ID: @L1c+wQTApYn

The good news is, if you stay on, your highly paid bosses will probably be let go. They have to start cutting the fat from the fattiest part of the pig. Adjuncts at ECPO are already gone. Ordering less toilet paper ain't gonna fit it either.

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Post ID: @0Ik+wQTApYn

How much do those smiles cost?

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Post ID: @jJu+wQTApYn

Interesting the troll is still working. We should try to keep this at the top today. Keep reporting. Let the trolls do what they want, employees deserve this information!!!!

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Post ID: @a4m+wQTApYn

For those of you in denial that things have changed, this ought to do it.

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Post ID: @FYN+wQTApYn

Bring pens and toilet paper? I wouldn't bother taking my coat off. They aren't going to call directors and above to a meeting to talk about cutting pen and toilet paper costs.

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Post ID: @3ne+wQTApYn

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