Universal Technical Institute Inc. Layoffs

Topics regarding layoffs at Universal Technical Institute Inc.

Coliseum bailing?

https://seekingalpha.com/pr/17727333-universal-technical-institute-announces-secondary-offering-of-3601-724-shares-of-common-stock

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Post ID: @12upN7Gx

How many more will leave?

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 

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| 738 views | |
Post ID: @11Z1eeoG

Lab Grading Accuracy over Student Safety

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 

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Post ID: @11UamRGp

Community college vs UTI expensive tuition.

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 

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Post ID: @ZTmLsC6

Going, going, gone.

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 

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Post ID: @A3tN7dL

UTI Norwood Closing, Exton is Next, Then Sacramento

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 

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Post ID: @XLWT3ga

Exiting the company

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 

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Post ID: @11k62cik

it's begun

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.

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Post ID: @11fJ96XL

Layoffs

Now that we are aware of the changes in the severance packages, are the layoffs Thursday or Friday!?!

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Post ID: @11dwJnfH

Upper management don't learn by their mistakes

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 

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Post ID: @1106wZ1x

What happens in September?

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?

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Post ID: @10oaEELo

New CFO

https://seekingalpha.com/pr/17622331-troy-r-anderson-joins-universal-technical-institute-chief-financial-officer

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Post ID: @10VO2yMT

Rif Updates?

so September is slowly creeping up. Any updates on the Rif or anything?

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Post ID: @10DqhvQb

Eating Itself From Within

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 

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Post ID: @ZJkjeU4

UTI Balance Sheet

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 

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| 733 views | |
Post ID: @Zu7V95q

Earnings call.

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. —  read more 

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| 937 views | |
Post ID: @YZlrcPk

Signs your campus might be closing

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 

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Post ID: @YbfSt39

You will take Mandatory Vacation!!! WTF!!!

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 

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| 1282 views | |
Post ID: @Yajsbec

Guaranteed Severance??

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 

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Post ID: @Yb7EU1z

I think it's going to get worse.

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.

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Post ID: @Y8MwguS

Put it in perspective. They Riffed a Whole Campus!

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 

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Post ID: @XXYQpcU

the real mission of UTI

changing lives. one executives bonus at a time. their wealth built on the backs of defrauded students, government loans, and employees. —  read more 

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Post ID: @XXW84M3

Managment Never Cared

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 

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Post ID: @XXeHRRB

Time to admit defeat

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 

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Post ID: @XWi98Xn

A good view on things

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 

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| 766 views | |
Post ID: @XSWmSZ8

And so the Titanic starts to break apart

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!

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Post ID: @XH9K1yw

More losses, less cash...campus closings and layoffs

"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 

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Post ID: @WoqEPPJ

Targeting high school students

"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 

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| 950 views | |
Post ID: @VT2YO6B

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