Get ready, EDMC is desperate. Desperate times take desperate measures. Update your resume`, start looking and get out. There will be no severance, cash out your 401K when they let you go. It's coming and coming soon. More layoffs than you have ever seen before. Save as much money as you can, cut back on things you don't need.Best of luck to all of you. EDMC is going down just like Corinthian did. I'm out.
8 replies (most recent on top)
LOL...was going to make the same comment about the 401K...a cash out will tax the crap out of you....make it a qualified roll over or leave it with fidelity to manage. It is yours...
All of the advice by the OP is sound, except for cashing out your 401K. You can roll that over to the plan offered by your next employer. If you cash out you will pay tax and pealties and lose about 50% of the value.
They still have not notified the surgical technology students they are not certified.
I've seen all sorts of grade changes, withdrawal scams, financial aid scams, GI manipulation, all designed to confuse and take advantage of the mongoloids admitted. I know a GVP who tries to bully academics at campuses to admit students who clearly do not meet admissions criteria. This place is run by total incompetent boobs.
Oh I have documents saved where some staff have asked me to change records and comments so things don't appear so horrible against the student. I have been waiting to find someone that goes back and changes them after I refuse. Too bad they know not to ask me to change the document via email, because they don't want the proof of their horrible ethics to exists.
Everyone at EDMC should be documenting information they have that can contribute to the Goldman Sachs Board stooges being sent to jail. It is what they deserve.
Less and less functions will be needed on campuses and also much fewer campuses will be needed. This place is going down so take the advice in the first post. Start looking and get something else before a bunch if the other idiots you work with are all let go.
Any person that works for edmc and realized the SEC delay of the 2014 annual report will be delayed and when it was released the CFO who issued it although it was in difiance of SEC language RESINGED after 1 year on the job don't tell you something if you know something else (many other errors not spin) you are an idiot...corinthians was the first as the Dept of Ed will take others like Itt and edmc...yup the edmc Center (CS) is getting all the docs uploaded so they can process files via long distance for a reason (ps who cares about their processing checklist)..others will soon be out of a job no later than 1 July...xoxo