Thread regarding Corinthian Colleges Inc. layoffs

Rumor has it that there are five buyers interested.

Does anyone know the dirt and the specifics on who they are and their motives for the future of CCI?

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Post ID: @OP+wRpdZk9

12 replies (most recent on top)

We have a Russian buyer for our campuses. He has a vested interest in keeping Americans as stupid and illiterate as possible. Your services will be valuable in achieving that goal, so don't worry. But brush up your Russian. Especially the verbs.

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Post ID: @16PC+wRpdZk9

I keep hearing 3 of them are churches that will require a faith statement from all employees and one will deduct a tithe from your check for your convenience.

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Post ID: @1oOh+wRpdZk9

Stay bonus, haha. Yeah right, ten percent pay cuts but hey here is a retention bonus if you stay on. Oh btw, when retention payout comes due, we'll be bankrupt. Winning. Too gullible, they hired the right minions to blindly follow.

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Post ID: @1o31+wRpdZk9

Lead bid is from a firm out of New Hampshire called "Dewey, Cheetum, and Howe". They are thinking of renaming us all "Screw U."

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Post ID: @1Dc9+wRpdZk9

The stay bonus is an outright lie. Let me guess that since I didn't get one that is why I call it a lie

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Post ID: @3ue+wRpdZk9

Rumor has it? Rumor had it that the Titanic was unsinkable! At least they had a band playing when it went down!

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Post ID: @Hif+wRpdZk9

All of CCI Corporate Support Center will eventually dissolve. Only those at HQ who somehow move over to a campus may have a chance. CSC staff have been communicated with a "stay" bonus to prevent mass exodus. If you have not been given a stay bonus offering, then you are categorized as a "non essential" and in due time will be let go.

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Post ID: @aRs+wRpdZk9

If someone were to make a purchase of one (or all) of the OPEID's, they also assume all of the headache that goes with the issues of the schools within the OPEID. Placement rates, completion rates, licensure rates(if applicable), enrollment numbers, 90/10, right sizing, leases, etc...nothing will be made public until due diligence is complete. Regional accreditation is a sought after commodity, so those school groups would be the first to sell....again, if at all! Heald and ECP would be the top of the heap.

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Post ID: @HCH+wRpdZk9

There IS no future of CCI. CCI is not for sale. Each individual school is for sale. If they don't sell, they go to teach out. There IS NO FUTURE of CCI!!!!

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Post ID: @osv+wRpdZk9

It's just a rumor to give employees hope that they will keep their jobs. If there are any real buyers, they will not - NOT - announce it to us until there is a pending sale. But, it's like selling a house. Lots of people are going to look and see what they can get. They may or may not put in an offer. But, even if there is a buyer, a tremendous amount of things have to happen.

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Post ID: @b5F+wRpdZk9

Are you wondering about your own job security? No guarantees.

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Post ID: @ClB+wRpdZk9

lol

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Post ID: @To8+wRpdZk9

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