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 Students underachieving and unhappy due to an overworked Instructor staff, outdated, broken training aids, leadership with their heads in the sand, can't stop the...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
Topics regarding layoffs at Universal Technical Institute Inc.
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
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 — read more
She should have been fired 34 years and 11 months ago
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
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!
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
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
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
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
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
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.
"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 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
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.
"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
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!
"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
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
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
"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
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.
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
(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
Home office RIF. Guess we're getting an early Thanksgiving break.
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
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
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
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
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