Topics regarding layoffs at Universal Technical Institute Inc.

Topics regarding layoffs at Universal Technical Institute Inc.

Quarterly Numbers

New student starts in the third quarter increased 38.8% from the prior year quarter, while average active students increased 19.1%. Revenue of $83.8 million in the third quarter, an increase of 53.8% compared to the prior year quarter. Net income... —  read more 

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Post ID:  @OP+1c9tfBvC

Anyone watch the townhall?

I don’t know ... we’ve been through so many bad years. For the first time in a long time, things feel like we are moving in the right direction. Anyone else feel that way? Other thoughts?

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Post ID:  @OP+18sNpjnG

Student X

How does this make you feel? http://collegemeltdown.blogspot.com/2020/11/a-letter-to-us-department-of-education.html

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Post ID:  @OP+17TAshJp

mo--ns

Am I the only one who thinks people in corporate don’t have FREAKING clue what they’re doing ? They are only good to tell you what’s changed for the millionth time , but won’t do the leg work with you. They make last minute adjustments for this... —  read more 

Layoffs are here.

Well, it was good while it lasted. UTI has furloughed a ton of people. These jobs will not come back. It was good they kept a bunch around while this whole thing olayed out but the end for them is here. Sorry folks.

We should all be grateful

"Seems like we should all be grateful we have jobs unlike so many who are losing them during this time. We won’t have a school (jobs!) if we don’t have revenue. Instead of whining, help! It’s for the students, not the VPs. If you hate your job - or... —  read more 

Investigation

"Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential securities violations and breach of fiduciary duty claims against Universal Technical Institute... —  read more 

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Post ID:  @OP+13eSF5uy

Universal Technical Institute Announces Changes to Senior Leadership Team in Support of Company's Growth Strategy

"Universal Technical Institute, Inc. (UTI), the leading provider of transportation technician training, announced several changes to its senior leadership team to further support the company's transformation and profitable growth, while continuing to... —  read more 

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| 1546 views | | 2 replies (last )
Post ID:  @OP+132UN1bA

How many more will leave?

Here at NTI by my count, we’ve had 10 instructors voluntarily leave this failing company in the last year. Most of them were here 10 years, some with over 15 years. When will executives get the message that this company is rotten to the core. How is... —  read more 

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| 1911 views | | 5 replies (last )
Post ID:  @OP+11Z1eeoG

Exiting the company

I'm sorry for all those unfortunate people that have been let go. It's going to be okay, I went through UTIs layoff a few years ago and made it just fine. I doubt the people who got let go would post here during their severance payout. When I... —  read more 

it's begun

hearing a few people let go across the company mostly jobs eliminated and to be picked up by someone else doing double or even triple duty.

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Post ID:  @OP+11fJ96XL

New CFO

https://seekingalpha.com/pr/17622331-troy-r-anderson-joins-universal-technical-institute-chief-financial-officer

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Post ID:  @OP+10VO2yMT

Eating Itself From Within

How do my students complete the lab assignments if you take my computers from my lab area? Am I supposed to allow my students to leave the lab environment to complete their lab assignments in the LRC? I hope you realize that I can’t be in two places... —  read more 

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