Universal Technical Institute Inc. Layoffs

Topics regarding layoffs at Universal Technical Institute Inc.

Doing away with health insurance and retirement

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 

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Post ID: @Sjp8AUG

Our campus just saved $390,000 dollars!

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 

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Post ID: @S8uRGSa

Fewer students but the bonuses keep getting paid

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 

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Post ID: @S357Pji

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 

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 

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Post ID: @QJYJ3xA

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 —  read more 

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Post ID: @QweYj5g

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

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Post ID: @Qo7aqJI

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 —  read more 

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Post ID: @OqzWVJQ

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?

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Post ID: @OepC7gV

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 

11/9 is the day.

Home office RIF. Guess we're getting an early Thanksgiving break.

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Post ID: @Kfvm3ID

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 

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!

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Post ID: @G9goEqT

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 —  read more 

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Post ID: @FoZVtJv

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.

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Post ID: @DwpFUrS

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 

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Post ID: @BCtjKXd

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 

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| 1469 views | |
Post ID: @BeoY1xe

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