Thread regarding Corinthian Colleges Inc. layoffs

An obvious point: Companies that can't make payroll, can't give severances.

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Post ID: @OP+xixW5Ee

15 replies (most recent on top)

Anonymous31040- I've been surprised every two weeks... Maybe CCi will make it next week too.

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Post ID: @VqG+xixW5Ee

Sounds like payroll could be an issue at some point, since the 8K and SEC filings indicate big trouble with no capital to pay bills, including payroll. When that happens, who knows? But, it seems likely that there will be a payroll issue at some point. I have no idea though. I'm just guessing from what the latest filings are showing.

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Post ID: @x3z+xixW5Ee

003, that's funny! You were LIED TO!! HERE AT CCI???? OMG! I can hardly believe someone LIED to you!

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Post ID: @eSm+xixW5Ee

(994 again) this was paid in July BTW

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Post ID: @116+xixW5Ee

(994 here) I know the chance of severance at this point is zero. I was responding to the "obvious" part. Its not obvious because it has been done since payroll problems started. That is all. The only thing I expect at this point is another check thru this moment. The next hour or day is not promised.

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Post ID: @aPe+xixW5Ee

I was lied to then!

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Post ID: @vY2+xixW5Ee

It's very common for companies to offer severances early on or when they have money. But, as they start to go under, they offer less or nothing at all. You never want to be the last one at the company, unless they've offered you a bonus to stay on, and that will be upper management.

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Post ID: @gwF+xixW5Ee

So you are saying I won't get a severance?

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Post ID: @bMy+xixW5Ee

994, they had money earlier 'in this mess.' They have NO money now. But keep hoping. That's the smart way to move forward.

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Post ID: @jTn+xixW5Ee

We have had some riffs but no severance pay. The ones that were laidoff in Feb and April were the lucky ones

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Post ID: @M6e+xixW5Ee

They've paid severance to many during this mess. I know a few reps RIFd at teach out schools and they were paid so not necessarily true.

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Post ID: @8lt+xixW5Ee

Bonuses will be paid October 11th

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Post ID: @Sa5+xixW5Ee

Hey, my p-card is not working. What's the deal?

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Post ID: @Rs0+xixW5Ee

963, either your stupid or the worst comedian ever. I'd say don't quit your day job, but you won't have one much longer anyway . . .

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Post ID: @0EG+xixW5Ee

Will my bonus be fully paid, or will it be reduced by 10%?

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Post ID: @CNA+xixW5Ee

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