Universal Technical Institute Inc. Layoffs

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Topics regarding layoffs at Universal Technical Institute Inc.

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
by | Post ID: @REdFNev
224 views | 3 replies (last )

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
by | Post ID: @QweYj5g
932 views | 15 replies (last )

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
by | Post ID: @Qo7aqJI
278 views | no replies

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
by | Post ID: @OqzWVJQ
612 views | no replies

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
by | Post ID: @N8ifjAp
1075 views | 1 reply ()

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
by | Post ID: @LDBepHU
1368 views | 2 replies (last )

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
by | Post ID: @KL5ElSr
1618 views | 17 replies (last )

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
by | Post ID: @KzkrjID
1415 views | 5 replies (last )

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
by | Post ID: @H9EOaSs
2182 views | 14 replies (last )

UTI Claims 88% Employment Rate?

"Our employment rates for 2014 and 2013 graduates were 88%. The employment calculation is based on all graduates, including those that completed manufacturer specific advanced training programs, from October 1, 2013 to September 30, 2014 and October... read more
by | Post ID: @GWZCzbg
1577 views | 7 replies (last )

If you want the media involved.....

If you want the media involved, you have to present a compelling story. The truth is, there were lots of stories in 2014 and 2015 about bigger schools, such as Corinthian Colleges (Everest/Wyotech/Heald), ITT Tech, Devry, and University of Phoenix... read more
by | Post ID: @GjtAKSG
1408 views | 10 replies (last )

Admission Reps - salary

Paying them based on graduation rates (which is what they used to do) but in no way has any control over, is completely unethical. Yes let's continue to force the students to PAY for education that doesn't warrant the tuition!

What UTI will never get.

"The way you treat your employees is the way they will treat your customers." "Clients do not come first. Employees come first. If you take care of your employees, they will take care of the clients." -Richard Branson

UTI slashes dividend 80%

Wow....stuff like this doesn't happen to healthy companies. UTI just admitted they are screwed, in my opinion. Demolishing the quarterly dividend from $0.10 per share to a mere couple copper pennies is not the way to reverse the share price slide.

UTI Stock Down 22% on 7-24-2015

Doesn't look good for UTI. The stock plummeted 22% today as they face a mountain of lawsuits and possibly tough times ahead with gainful employment.
by | Post ID: @CEMSHxf
967 views | 5 replies (last )

Safety concerns

It is my understanding from another employee that a student of Middle Eastern decent and of the Muslim religion had made what would be considered by many as a terrorist threat in lab earlier this week. This individual also was herd making threatening... read more

U.T.I. are you READY???

I'm certain you saw what happened to Corinthians colleges. Doesn't it sound all too familiar??? I truly hope you "get yours" for all the unethical things that have been happening within your organization for way too long. I encourage you to read some... read more

Organizing the Best of UTI for a Coop?

If 70% of UTI instructors are incompetent (as one worker claimed), would it be possible for the most qualified UTI workers to organize the most skilled and competent workers (and most skilled former workers) with the goal of taking over the company... read more

Organizing

If you decide to go outside to establish a local, do shop around. While union organizers may be hard working, many mainstream unions are rotten at the top levels. Ultimately, a union is only as good as its local membership and their willingness to... read more

Going, going, gone.

I feel like I needed to start a new thread because I am starting to feel as if UTI management puppets are contaminating our posts and threads now. Is UTI that scared and intimidated by their own employees that instead of listening to us or trying to... read more

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