Next week: Mass layoff of enrollment and finance. Given the VERY restrictive language for Title IV funds stated by Jack himself, staff will also get an "immediate drawdown." I would not be shocked to see a 40-50% cut next week in those departments.
Following 2 weeks: CCI sits down with its creditors to work out payment structure given the new "mechanism" in receiving funds and unpredictable cash flow from sale of schools. This is done to stave off bankruptcy for a short while.
Following 2 months after: Another mass layoff of 40-50% of remaining staff. Cash flows drastically reduced due to bad press and inability to get new students title IV due to "mechanism." New buyers for Heald and Wyotech start bidding process.
Following 2 months: Now that CCI has drastically cut operational expenses, CCI is able to unload Heald and Wyotech. Buyer eliminates 90% of remaining staff and places its own people.
Shortly after: CCI files Bankruptcy to develop plan to pay creditors with remaining cash and assets.