Thread regarding Corinthian Colleges Inc. layoffs

'If there are no buyers, the school will close according to the DOE plan.' School Daze article

Proof CCI is closing if it doesn't sell.

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Post ID: @OP+xk5cRoY

10 replies (most recent on top)

CCI hires people who are easy to control. CCI pays them way more then their market value and that buys them a slave. This slave knows they will never ever make CCI money anywhere else and they will do what they are told. This is also why so many employees STILL hold on to the fairy tale that CCI will be sold, and that sale will allow them to keep their job. It is also a reason why CCI treats the employees so poorly..they KNOW their slave won't leave.

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Post ID: @NGO+xk5cRoY

Did you really just get that fact... You have finally come to reality. I'm so proud of you.

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Post ID: @Szb+xk5cRoY

Colorado Springs. Those speakers at your college are idiots. How do we run with no money?

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Post ID: @o3X+xk5cRoY

The scariest part is that its not just employees, we had an all hands meeting a few weeks ago in my department and the senior most leader said, "Guys, you don't understand, CCi is not shutting down. The agreement is that they try to sell but if there are no buyers, CCi will still run the schools. They don't have to close. Is not that big a deal." And almost everyone in the room drank that kool aid right up! Nobody reads the actual deal or the SEC filing or news reports. I've asked around, I have yet to find someone in my department who has any idea what I'm talking about when I mention any of that stuff. My head is spinning from the naive ignorance around here.

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Post ID: @hXp+xk5cRoY

Yes. Employees don't seem to understand the fate of cci. Many of them.

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Post ID: @GHJ+xk5cRoY

Well, duh! Wasn't that stated in the agreement with the DOE?

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Post ID: @AY9+xk5cRoY

Agreed.

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Post ID: @Y9u+xk5cRoY

The OP statement is simple. No Buyers = Close Schools. If any of us think that because we try, we stay open is stupid. And that my friend, worries me as far as the kind of employees that are hired.

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Post ID: @tV2+xk5cRoY

No. People think that if they just make a good faith effort to sell, they get to stay open! People are in total denial!!

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Post ID: @0rr+xk5cRoY

yes, we know.

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Post ID: @O5h+xk5cRoY

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