Another loss like the last one? https://www.sec.gov/ix?doc=/Archives/edgar/data/1261654/000126165421000052/uti-20210331.htm#i6dd068d94129455796363f06a37773c6_19
"MIAT serves ~1,200 students through its campuses in Canton, MI, and Houston, TX." https://seekingalpha.com/news/3677564-universal-technical-institute-to-buy-miat-college-of-technology
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?
How does this make you feel? http://collegemeltdown.blogspot.com/2020/11/a-letter-to-us-department-of-education.html
Looks like more cost cutting is in store. https://seekingalpha.com/news/3617406-universal-technical-institute-stumbles-in-trade-argus-downgrades-to-hold
I see some of the locations have about a 50% return rate. Ours is a ghost town. Seems like management is busy rearranging the chairs on the Titanic. How is your location doing?
"The nation's leading provider of transportation technician training, will utilize a portion of its CARES Act Higher Education Emergency Relief Funds (HEERF) to provide approximately 14,000 students with laptops, which will facilitate their... — read more
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
As an outsider looking in with knowledge of staff and company operations, this is an ugly time. On one hand, many of the support staff that have been overwhelmed talking with students and parents during this time trying to keep them up to date as to... — read more
There is very little interaction between instructors and students in Google classroom, It wont be long before every student realizes that the online courses which are really hastily made videos are the only way for UTI to keep the money flowing. It's... — read more
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.
Out with the old. https://seekingalpha.com/pr/17825191-universal-technical-institute-announces-change-to-board-of-directors
"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
I herby do not consent to the release of the video I was forced to record for Universal Technical Institute. I was video recorded against my will and do not want UTI to use my subject matter expertise for profit or for any other purpose... — read more
I’m sure all of UTI’s Vice Presidents, Campus Presidents, and Directors are at work filming their subject matter expertise today.
Well, well, well. Looks like someone went on the UTI Wikipedia page and deleted the controversial history of UTI. The "Lawsuits, investigations, and sanctions" section was taken out on May 10 2019. I wonder if the person who deleted is a UTI employee... — read more
It's interesting how UTI is not taking the recommended steps to have employees work from home or closing any campuses. Does that mean they do not value the health and well being of their staff and/or students?
"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
"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
Have you heard how well things are going? How all of our hard work paid off? That, together we made a difference! I am so tired of hearing how well we did last year, how valued we are and what a difference we made in 2019! The ship is turning! We're... — read more
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
This will be where I draw the line in the sand boys. I refuse to jeopardize the safety of my students to make sure every constructive response question is answered with a book answer key because everything in my lab environment can seriously injure... — read more
Is Kim’s resignation a good or bad thing?
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
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.
Now that we are aware of the changes in the severance packages, are the layoffs Thursday or Friday!?!
It appears to me upper management don't learn by their mistakes. I see they have hired another financial officer. Problem is these people are not productive people. As long as I worked their they have always been top heavy. Instructors are treated... — read more
so September is slowly creeping up. Any updates on the Rif or anything?
I’ve heard that something is going to happen in September? There are so many rumors floating around. I’ve heard another big rif but not sure who or where? Anybody heard anything?
Staff leaving in staggering numbers? Directors being the only member of a department? Students underachieving and unhappy due to an overworked Instructor staff, outdated, broken training aids, leadership with their heads in the sand, can't stop the... — read more
When I worked at UTI, there was an admissions pamphlet about why UTI is better than community college. One of the things I remember is that at UTI you graduate faster and don't waste your time having to take history, literature etc. I would like to... — read more
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
I was as student at UTI Norwood in 2010-2011. I have to say I learned a lot from that place I still regularly use the course books to look up information that have some cobwebs on it. I have done well and make 75k a year. However, my experience at... — read more
Looks like a slow drain. Total assets down about 10 percent since 2016. (2016) $297.16M (2017) $274.10M (2018) $282.28M (March 2019) $260.34M Total equity down $24 million (2016) $136.61M (2017) $125.78M (2018) $126.65M (March 2019) $112.23M
She should have been fired 34 years and 11 months ago
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.