Not bad. They are only losing an average of 1.9 million a month. How long can they face these economic headwinds? I thought businesses were supposed to make money! Not piss it away.
Topics regarding layoffs at Universal Technical Institute Inc.
Got our a-- chewed by the campus president about post on this site last week.
My guess is by Summer. A good indicator for a given campus would be show rate, number of instructors not teaching, overall campus student count vs number of students they budgeted for, trying to lease existing space and not being able to, employees... read more
Does anyone know if a severance package is guaranteed? I know many employees are sticking around because of the rumor of the severance package but is there actually anything in writing or a contract that states you will get a severance after your... read more
Here we go again!!! You must take Vacation! It’s good for you! I’ll tell you what’s good for me! How about being able to take a vacation when I want! I’ve had more vacation requests denied because of lack of coverage, special events and more BS then... read more
Cutting uniform service from Cintas but not cutting any of the useless positions at Home Office? UTI's management at it's best. Throw spaghetti at the wall and see what will stick. They are better off rolling dice.
UTI Management is worried more about their investors than their employees and their primary customers, the students. As long as they follow this line of strategy and thinking, It's impossible for their business to turn around. It may be great for the... read more
Think about this. They RIFFED A WHOLE CAMPUS! If it can happen in Norwood, the same thing can happen to any campus at any time. Yeah many of us saw it coming, the very low student count, the trying to lease space, the moving of space and resources... read more
changing lives. one executives bonus at a time. their wealth built on the backs of defrauded students, government loans, and employees.
Management at the top never cared, If they did, they would have fixed their severely outdated curriculum years ago. Very little if any overhead cam info in course 101, Electric fans are on most cars today course 101, No timing belt replacement course... read more
If you sit and think about it, what past work experience do most of the home office senior executives have? Very little to none. Kim McWaters, has been there for 35 years. What sort of leadership experience did she have prior to UTI? None. Sherrell... read more
At what point does Kim McWaters reign as CEO come to an end? Was her appointment to CEO some sort of experiment that a male dominated industry can be run by a women? She methodically removed anyone from senior management that was from the... read more
Hearing the hammer dropped today
Long term employee until recently. I have seen many employees come and go at our campus. From financial aid to student services to instructors, education managers, admissions, directors even campus presidents. Some of those leaving left of their own... read more
Good luck to our coworkers at the Norwood campus. All I can say is that at other campuses the mood is not great about the whole thing. Overall student numbers are down and that is always a constant worry. We hear it at every meeting we go to. You get... read more
There is no way UTI will survive with the gigantic campuses they have now. Across the board at all of the campuses, student numbers are down. The student population at the Norwood campus is around 350 or so, NTI is at 1000 give or take. All of the... read more
Will the staff at Norwood be getting severance packages and job placement assistance? I got $10,000 when getting laid off x campus and had to sign a paper stating that I wouldn't say anything about the layoff/severance because they would take the... read more
Goodbye to Norwood. Last class registration March 19th and done. Doors close Fall 2020. Hey hey hey goodbye.... I smell karma at its best. Hope management can find another job, dbags. Norwood's savior president FAIL!
Meeting information. https://www.sec.gov/Archives/edgar/data/1261654/000126165419000006/definitiveadditionalproxym.htm It also looks like there has been movement with the Board... read more
I will just leave this here. https://simplywall.st/stocks/us/consumer-services/nyse-uti/universal-technical-institute/news/does-universal-technical-institute-incs-nyseuti-ceo-pay-compare-well-with-peers/
"Operating loss was $35.3 million compared to an operating loss of $1.8 million for the prior year period." "Our cash position, including investments at year end June 30, 2018, remained strong at $58.1 million compared to $97.9 million at September... read more
"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
"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
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
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
if they are doing a turnaround you sure can't tell from their financials
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?
We all know they are coming, but what time frame are we talking about?
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
"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
"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
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 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
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
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
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