Thread regarding DeVry Inc. layoffs

@HYNqfWT- 5eup ....Ah another chugger and lover of golden showers and the communist way! Not able to deal with freedom of speech or an open market economy! You are a coward communist!!!

There was an email you are correct. This idiot spitting out vulgar comments clearly is not an employee. Why are you even reading these posts? Go play some more video games im your mama's basement this site us for grown ups.

@HYNqfWT-5ovq who are you to tell someone how to speak? Who do you think you are? I think you take golden showers and love to eat fresh feces and excrement!! Open up and say ahhhh and I'll be glad to pee in your mouth!!!

I think the language is hilarious and correct! Stupid troll deserved it! If the person was an employee they would have gotten an email. The old "I didn't get the email" routine is bating for information and the person needed a smack. It's America, freedom of speech, no one is forcing you to read it. If you don't like it...take a one way ticket to get the hell out of here town.....

That language is uncalled for you must be management

@HYNqfWT-5gix, The email said that you have herpes and a one inch cock!

what email?

@HYNqfWT-5gix, do tell! I didn't get such an email. What did it say?

We are Surprised no one has brought up the email that was sent yesterday about more re organization

@HYNqfWT-4uxa, I'm intrigued by the "smoke and mirrors" theory. That's not one that we'd thought of yet. It seems to perfectly describe the situation. My question, though, is to what end? Why the smoke and mirrors? What do we hope to achieve by it? How long can it go on?

I guess it still leads back to the question that keeps coming up: what is DeVry's plan?

I am one of the ones with an end date of July 8th, we lost 4 of our 9 full time faculty...with one of them the acting campus dean. It is scary to think what is going to happen with our students. We, the ones that are gone, cared for our students and taught at top levels and have been with Devry for 5+ years. We were all supposed to be the best of the best, but half of us are gone. And no, there doesn't seem to be any rhyme or reason as to how was let go, other than the fact that many left behind are the ones with blinders on.

After talking to my fellow professors, I think we all are to several conclusions. 1. The ones left behind are there to hold the ship together with smoke and mirrors the best they can. 2. Relying on visiting professors to care for and focus on students is unrealistic....they will do their job, but have no vested interest, especially at the pay they get. 3. We all feel bad for our students, they are the ones that will be hurt the most.

I send best wishes to my colleagues and friends left behind with their jobs. It may be scary at the moment not having a job since I am on my own, but I feel such a relief in many ways. But one word of advise, trust no one in management. They either do what they are told, or just as clueless. We all know how management works with DeVry. Do not believe that you are valuable to them, which is very sad.

@HYNqfWT-4lkc

Perfect storm huh? Sure sounds like it. I agree there are a ton of things going south. But bye bye and closing and bankruptcy are big boy words. Not sure if you are old or big enough to use them. Are you an expert on school and company closings? Didn't think so, next troll please...drops the mic and walks off the stage.

@HYNqfWT-4ild- It is the perfect storm. 1. Incompetent management. 2. Industry declining due to several bad players. 3. The company has committed fraud and cheated both investors and students. 4. Nonexistent leadership. 5. Multiple lawsuits looming. 6. Name recognition declining. 7. Massive government intervention into the student loan program that was 90% of the company's revenue. 8. Layoffs decimated employees that were the core competence of the company. 9. Customer base disappearing. Say goodbye.

@HYNqfWT-4npm Thank you for your valuable contribution, Rob Paul. You can go back to torturing kittens for fun now.

@HYNqfWT-4kil, I keep making that exact same point. I think DeVry wishes it were only fighting one battle, but in fact, there are countless ones, large and small, internally and externally.

My coworkers and I have spent many conversations trying to figure out what the real plan must be, but we keep coming up empty. My colleagues are not idiots -- they are experienced, educated, open-minded, critical thinkers from a variety of backgrounds and disciplines. But we have been completely unable to determine any coherent strategy whatsoever. All we know for sure is that much of the information we get from Home Office is easily disproved, the strategies they discuss are vague and driven by logical fallacies, big decisions are made without consulting the people who have the knowledge to make them, and there is a profound and obvious disconnect between the corporate talking heads and the faculty in the trenches. I know others have said similar things on this site, which just leads me to believe that we're all seeing this the same way, aside from the occasional troll who's quick with the insults and slow with the facts -- strong with the language but weak with the substance.

Yesterday someone said something that I think sums up what a lot of us are feeling: "I wish someone would just tell us the truth instead of throwing all this conflicting information at us."

But that won't happen. Someone else recently referred to DeVry's management style as "mushroom management" because they keep us in the dark and feed us a lot of crap.

DeVry is going down. Whether it disappears or just becomes a bankrupt bit player remains to be seen. Whatever happens it is going to become just a shell of its formerly self. The management is grossly incompetent and has no clue what to do in this situation where a serious turnaround is needed. Regardless of the lawsuit outcomes, the continued drop in enrollments will wipe out its financial reserves eventually. The quality of students is dropping also as those with a modicum of sense head for the exits. The troll on this board is reduced to ad hominem attacks because he does not really understand what is going on. Say goodbye to what was once actually a decent organization that got greedy and hired too many incompetent managers.

And if it was only the FTC investigating you might have a point. However that is only one of the issues DV is facing right now. People keep focusing on that one thing and ignore the bigger picture taking shape. Pay attention to everything around you. The company line isn't jiving with what we see and hear every day. Whether it's on purpose or management is that out of touch with reality is the question.

Best thing for Devry to do....Undercover Boss!!!! Someone spends one or two days in every department of the business to analyze and report the findings and areas of opportunity for improvement. I guarantee there will some of the positive changes that everyone is suggesting in these posts and or rants. Problem is, no one in leadership is willing to postpone their meetings long enough to take the blinders off.

Dummy, those are just examples. I can go into several billion dollar companies. We don't have to have the pockets as big as McDonald's. The point is companies get sued by the FTC all day every day. That's what they do, that's their job. How many private education groups haven't been sued by the FTC? Show me them.

Heard about more layoffs coming

True…many corporations have been the subject of an FTC lawsuit, and as someone mentioned they include Apple, Google, Berkshire Hathaway, Microsoft and McDonalds. If only we had something more in common with them than just being fellow defendants. Each of the companies mentioned are major players in their field, with high levels of favorable name recognition, led by equally well known and well regarded individuals. They also control a very large percentage of their market…acquiring an almost ‘too big to fail’ persona. Their absence would do potentially irreparable harm to the way business is conducted. They also have incredibly deep pockets, able to absorb whatever punishment the FTC will or has meted out. DeVry has none of those attributes. Name recognition has been tarnished, not so much by our actions, but by those in our sector. It lacks a larger than life, iconic, if you will, leader, whose presence would transcend and prevail over whatever problems the university had. And its market share has been eroded by multiple competitors in the for-profit field, and even by non profits who offer similar programs and more prestigious name recognition. Lastly, our pockets are nowhere near as deep, especially since those pockets are lined by enrollments, and we all know that state of that affair.

DeVry will survive. It will be wounded, staggered and humbled by all this, but will emerge, perhaps, even better than before. It will surely look different. The recent layoffs are proof of that.

I would think they would buy low right now with things going on the upward trend. That probably won't happen til after the FTC settlement.

I wonder when Wall Street will hear about these layoffs? Do the shareholders even care about the effect this will have on academic quality and retention? Greed is blind.

If the world only knew about the mess behind the curtains!

@HYNqfWT-3tpv, it's true. Last week, we lost about 40% to 50% of our full-time faculty system-wide. Their last day is July 8th. The layoffs have now officially gone too far, as we are now preparing to cancel classes that have enough students to run, but now have no faculty. And this is just the beginning of the problems we're about to face.

I was just curious- I was part of the recent layoffs that affected the midwest. My last day was May 27th. Am I interpreting correctly on here that there has been another layoff since that time? If so, what a disgraceful shame- but I think everyone knew it was coming.

@HYNqfWT-3qgz---don't be sad. I know reality and responsibility are hard things for you to grasp. Just because someone posted something realistic and factual on here about potential suits and the simple fact the place may not close down, I know it hurts you. I wouldn't be surprised if you lived in a communist country where dictatorship rules. You have no idea of capitalism or a free market economy and the mere fact you want the place to close just shows how stupid you really are. Tons of companies including Apple, Google, Berkshire Hathaway, Microsoft, McDonalds, and the list goes on and on get sued by the FTC and still keep operating. I know it hurts you to hear that any possible settlement may not close the business. Do you really want hard working people out of jobs? Do you really want to see a single mom raising kids who is employed by the company lose her families only income? There should be a penalty for Devry, I agree. But for them to be put out of business is not only an UnAmerican statement by you but a delusional one as well. I hope your winters are warm in whatever communist or socialist country you live in.

I am embarrassed to say I worked at DeVry.

@HYNqfWT-2usq I'm sure you think you are invaluable to them since you are in here anonymously defending them. Rest assured, however, that will not have any compunction whatsoever about sh--canning your assonce it suits their purposes, and it will one day soon. NOBODY is invaluable to them. Why did they just fire all of their greatest assets?

There has to be a measurement of the damages that were caused. How does the government measure that? In addition there is no dollar amount listed on the suit. That could mean one cent or a billion dollars. We won't know the penalty will be if there will even be one. I am assuming there will a settlement because in these cases it's cheaper to not pay the longated legal fees and just settle and move on. That does not mean the company will be bankrupt. If you look at Devrys history in settling they really have not been bankrupted in their past settlements, suits or fines. I wouldn't rush to judgement on them being out of business.

I went through the Corinthian collapse and believe me, if the Obama administration wants DeVry closed it will close. Once the law suits start, the states will all jump on board and start piling on. UOP, ITT and EDMC are all going through the same thing and it looks very similar to what happened to Corinthian Colleges. The government will squeeze you until you are on the verge of bankruptcy then work out a deal with a non-profit to come in and scoop up the schools and remaining students for pennies. That way the schools can be slowly shut down under DOE terms and the government cuts its losses. Exactly what is happening to the Everest and WyoTechs from CCi.

Poor little troll, you must work at DeVry and are having a hard time watching your world crumble around you. Seems obvious that you are in denial about fraud and the company collapsing. Once the FTC suit finds DeVry guilty, then precedent is established for the shareholder suits just like Corinthian. The current DeVry class action shareholder suits will move forward with a case number once the class has been certified and a lead plaintiff chosen. DeVry University was suspended from the Department of Veterans Affairs' Principles of Excellence program, the first step in denying veteran's benefits to be used for tuition. DeVry will take longer to get to bankruptcy than Corinthian because it has lower debt levels, but as enrollments continue to decline and lawsuits move forward its financial position will erode further. Here is the first of many cease and desist letters:

https://studentaid.ed.gov/sa/sites/default/files/devry-limitation-notice.pdf

Get your resume ready little troll - you are next to be fired.

Is everyone here slow? The Suit is in ca not il

Moron. Everyone knows about the FTC suit. Check the other crap you posted.

The FTC lawsuit was filed in UNITED STATES DISTRICT COURT, CENTRAL DISTRICT OF CALIFORNIA. Here is the complaint: https://www.ftc.gov/system/files/documents/cases/160127devrycmpt.pdf

The shareholder lawsuit has not yet had either a lead plaintiff or a class certified. Here is the complaint: http://www.rosenlegal.com/media/casestudy/622_Web_Complaint.pdf

Umm dude. Go look on the northern Illinois court districts docket. There are no suits pending against Devry. Call the courthouse. Verify the info b4 you post trash.

The fines to settle these lawsuits will result in insolvency first and then bankruptcy later. The little troll is simply ignorant.

https://www.ftc.gov/news-events/press-releases/2016/01/ftc-brings-enforcement-action-against-devry-university

http://www.businesswire.com/news/home/20160524006483/en/DV-INVESTORS-ALERT%C2%A0Lieff-Cabraser-Announces-Securities-Class

http://www.businesswire.com/news/home/20160519006597/en/IMPORTANT-INVESTOR-ALERT-Lundin-Law-PC-Announces

http://www.businesswire.com/news/home/20160516006244/en/EQUITY-ALERT-Rosen-Law-Firm-Announces-Filing

https://globenewswire.com/news-release/2016/06/13/848082/0/en/Kessler-Topaz-Meltzer-Check-Announces-Shareholder-Lawsuit-Filed-Against-DeVry-Education-Group-Inc-DV.html

https://www.hbsslaw.com/cases/dv/pressrelease/devry-education-group-inc-nyse-dv-devry-education-group-investor-hagens-berman-reminds-devry-education-group-inc-corporation-nyse-dv-investors-of-securities-class-action-and-july-12-2016-lead-plaintiff-deadline

As someone that worked in a high position for DVG, trust me that they inflate their numbers. Nothing about this organization can or should be trusted. They are as unethical as all the other for profits. Disgusting!

No bankruptcy moron!! We have too many schools to go BK and too much $$ on hand to do that. Nice try tho negative nancy!

I am a victim of the Layoffs and at the campus I work at 50% of the full-time faculty were laidoff including the only 2 PhDs in the Keller program.

Enrollment at DeVry this last quarter is down 30% year over year. Any company experiencing that type of revenue decline is bound to have staff reductions. The executives managed to make a mess of the school and were fired by the board when their ineptness and deceptive tactics were revealed. I expect the company to go bankrupt this year and disappear completely within two years.