Thread regarding Corinthian Colleges Inc. layoffs

It takes months to finalize a sale once an agreement has been made. (But there is none pending.) CCI can't make payroll. Are you worried yet?

You should be.

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Post ID: @OP+xiEXOwL

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Have been worried for some time

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Post ID: @bGZ+xiEXOwL

It's going to be layoffs next. The news is reporting that they are trying to raise capital to pay payroll. That is a terrible, terrible sign. They'd never make it to close a sale at this point. There is no way with no working capital except student tuition and NO credit.

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Post ID: @DXR+xiEXOwL

They told LB no more OT and they check. Already had afew time cards changed to make it look like 8 hours from what I heard from a few people that work there.

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Post ID: @x6v+xiEXOwL

The company my husband works for (a multi million dollar company) was bought out last spring by another multi million dollar company. It won't be until late fall when it's finalized. Eight months. These companies don't just change hands. It won't be a quick sale, even if there is a buyer.

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Post ID: @Hfd+xiEXOwL

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