Universal Technical Institute Inc. Layoffs

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

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

MMI just laid off 11 people monday

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

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 Doubling Down in Long Beach, CA

UTI is starting a new campus in Long Beach. I know there is a community college program in San Diego. Wyotech is (or was) struggling in Cali... read more

UTI continues to tank.....anyone getting interested in a worker co-op yet?

"Universal Technical Institute continues decline in enrollment, revenue, income"..................................http://www.bizjournals.com/phoenix/news/2015/08/07/universal-technical-institute-continues-decline-in.html?ana=yahoo

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.

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

UTI hires me to do a job, which includes disciplining students when called for, then when an instructor "does his job", he gets reprimanded and

So let's get this straight. UTI hires me to do a job, which includes disciplining students when called for, then when an instructor "does his job", he gets reprimanded and sent home? How much sense does that make? This happened to one of our... 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

This has been the case for while, like eliminating benefits/401k

http://www.ragan.com/Main/Articles/Top_10_ways_to_ensure_your_best_people_will_quit_47779.aspx

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

Universal Technical Institute Inc. Layoffs

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