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
Topics regarding layoffs at Universal Technical Institute Inc.
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
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?
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
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
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
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 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
(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 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'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
Home office RIF. Guess we're getting an early Thanksgiving break.
Today is rif day
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.
"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 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
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
"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
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
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!
"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
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 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
"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
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.
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
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
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
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
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
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
I can't believe that UTI was able to but off this site and kill Going, Going, gone and the entire thread. It is very sad that UTI does not want to hear the truth about themselves and their miss management. UTI is pathetic.
As ABC News says, it's more of a "political pipe dream." But more progressive states can do this.....http://abcnews.go.com/Politics/wireStory/obama-proposes-publicly-funded-community-college-28105522
The melt down is about to begin, the government is determined to dismantle the for-profit segment and 2015 for UTI and other schools will be difficult.