Universal Technical Institute Inc. Layoffs

UTI in NJ

"Ford is invested in building a pipeline of qualified technicians by encouraging schools such as UTI-Bloomfield to include FACT," said Dave Johnson, Ford Motor Company's global director, Service Engineering Operations . "As an added action, Ford... read more

Targeting high school students

"High school student starts grew 13.6% percent, reflecting a 390-basis point improvement in the show rate, compared to the prior year fourth quarter."... read more

Ok... so the fiscal year just ended... when are layoffs?

Enrollment close to stabilizing?

Lower student population levels as we began 2018 and fewer new student starts during the period resulted in a decline of 5.2% in our average undergraduate full-time student enrollment to 10,380 students for the nine months ended June 30, 2018. We... read more

Company health survey

So we have a all staff meeting with someone from the home office to go over the Company Health Survey we did a while back. Can’t wait to see how the polish this turd

What’s up with that stock

whew how about that earnings call

if they are doing a turnaround you sure can't tell from their financials

Moving?

Home office lease is up this year.... does anyone know what the plans are? I'm assuming they wont stay in Scottsdale because of the cost. Any info on where they might move Home Office?

When can we expect layoffs at UTI?

We all know they are coming, but what time frame are we talking about?

Dismal enrollment numbers

Dismal numbers. UTI is truly on life support. I can't imagine how unbearable it must be to be a UTI rep and a financial aid advisor. The pressure must be extreme. Reps enrolling students, and financial aid advisors pressured into acting like... read more

UTI enrollment continues to drop (but at a slower pace)

"Lower student population levels as we began 2018 and fewer new student starts during the period resulted in a decline of 5.2% in our average undergraduate full-time student enrollment to 10,823 students for the six months ended March 31, 2018. We... read more

...so, does anyone else have any issues with the two 8:00 shifts a week? I think the company has lost its mind.

UTI transformation plan means more money on marketing

"The Transformation Plan will also include an incremental internal net investment of approximately $4 million for additional marketing campaigns and new resources in marketing, admissions and support services in fiscal 2018. The incremental costs... read more

Doing away with health insurance and retirement

Wow, are the top execs planning on doing away with health insurance and retirement? If so, that is extremely sad. I for one and glad I left before all this went down. Out of Rancho and I couldn't be happier. I think my last day of work there was one... read more

Our campus just saved $390,000 dollars!

Our campus is finding ways to cut expenses. It was decided to stop buying the lens wipes for the safety glasses, you know the safety glasses that are required by everyone in lab. We'll be saving sixty five dollars a month, times twelve months equals... read more

Fewer students but the bonuses keep getting paid

So here we are another loosing quarter, fewer students , empty classrooms and building a new campus. Since 2010 we've gone from 18600 students to 10900 at the end of 2017. That's a loss of 1100 students a year, and I don't even have a business degree... read more

More losses...but UTI continues to build

Operating loss for the quarter was $3.6 million "Fiscal 2018 average student population is anticipated to be down in the mid single digits due to a 6% lower beginning population and the timing of the low single digit start growth expected for the... read more

Leadership at UTI lacks any morals

Expecting lower enrollment for 2018 and still spending 11 million dollars on a new campus. What in the hell is wrong with these people? Kim McWaters and her bunch of dopes have ruined this company. But we can rest easy knowing all of the senior team... read more

UTI still losing money.

Another losing quarter, even after cost cutting. https://www.marketwatch.com/story/universal-technical-institute-reports-fiscal-year-2017-fourth-quarter-and-year-end-results-2017-11-30?siteid=nbsh

WyoTech Shutting Down

With the announcement of WyoTech shutting down that should help UTI. Those 400 students that would have enrolled in WyoTech need another school to take their money. Hahahaha

Trump's higher ed "disaster" plan defunds schools

Don't look for President Trump to bail out UTI. There's much more money is making matters worse. Disasters=bargains. https://www.linkedin.com/pulse/trumpdevos-college-meltdown-defund-deregulate-dahn-shaulis

Anyone know what is going on?

Does anyone know the current health of our company. Our lead situation is the worst I have ever seen and there is no way to sustain a company with this type of lead flow. Any word of layoffs?

UTI still losing money, but it could be worse

In terms of finances, UTI is still losing money, but they are close to breaking even--at least on paper. New enrollment, however, is dramatically down (-17.4% for the quarter, -22% for the last 6 months)... read more

Word on the street is that layoffs will be Friday of this week or Monday. Has anyone else heard anything?

More losses for UTI...

Loss of $1.7M. Total starts down (from 1800 to 1400). Total enrollment down (from 12,300 to 10,800). "UTI now expects new student starts to be down in the high-single digits." Tuition increases expected to make up for declining enrollment. "Financial... read more

Layoff notices ahead of next week's earnings call--or afterward?

UTI will need to have some good news for its shareholders. If their enrollment is down again, and they are losing money, they will need to further reduce labor costs. RIFS also give shareholders more confidence. The earnings call is scheduled for... read more

Any word of an upcoming RIF?

We can just take turns and shuffle them between MMI and WyoTech

WyoTech fails miserably due to poor education and a high percentage of teachers that are paper whipped into teachers, they employ half of MMIs misfits from past times and it still continues. They leave one and go to the other only to share antique... read more

Victory Media names UTI a GI Jobs Military Friendly $chool

Victory Media has named UTI a Military Friendly $chool. Since Victory Media has a "pay to play system," I wonder how much UTI paid for the designation... read more

Questions about UTI's predatory private loans (name, interest rate, defaults)

(1) What does UTI call its private (institutional) loan program? (2) What is the interest rate on UTI's private student loans? (3) What is the default rate on UTI's private loans? I know UTI can write the loans off, but ED was not happy with... read more

Enrollment and staffing numbers (2011-2016)

Enrollment down from 13,200 in September 2015 to 12,000 in September 2016. 88% student employment rate Staff (notice that they cut FT instructors first): (2016) 1,880 FT employees, incl 590 student support employees + 670 FT instructors (2015) 2,020... read more

UTI earnings out November 29. Gainful employment

UTI's earnings conference call is November 29. Developments since the last quarterly call are: (1) removal of the CFO (2) resignation of a Director on the Auditing committee (3) information from ED regarding programs that are failing or close to... read more

11/9 is the day.

Home office RIF. Guess we're getting an early Thanksgiving break.

HCM is at the Sacramento campus and the Rancho campus right now. Not a good sign. Lets see if their Financial Aid is doing all the right thing.

And it has started...

Today is rif day

All time low @a low of 1:51 per share and close @1:56. Does not appear the things are getting better.

Well today was not a good way to star the week. UTI stock dropped to 1:51 per share and closed at 1:56 per share. They had 805,756 shares moved today.It does not look real positive for the Company.

"Universal Technical Institute losses nearly double, enrollment and revenue decline"

"The Scottsdale-based provider of automotive technician training reported a $5.1 million loss on $82.3 million in revenue for the three months ended June 30. That compares with $3 million in losses on $85.1 million in revenue during the same period... read more

Well it appears UTI has put themselves on Hedge funds Friday.

Well it appears that the stocks have taken a bad turn. Today so far has dropped to 2.28. Friday they had 1.84 million shares change. They had to turn to Hedge funds. The have an additional 70 million dollars but it does not seem to be helping. My... read more

It appears UTI will no longer be giving quarterly dividends as of 6/10/16 and no none from the company is talking. It does not look good.

More bad news...

From yesterday's earnings call: "As a result, we've started to selectively scale back on our spending and marketing in admissions and this work will continue. At the same time we remain focused on operating our campuses efficiently as possible and... read more

Universal Technical Institute Inc. Layoffs

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