Thread regarding Dream Center Education Holdings, LLC (DCEH) layoffs

Cutting the full timers

I visited Miami campus recently and they had similar layoffs. I was told the entire full time faculty is now 8 after almost 20 were cut. It is not a teach out campus. This is what happened at Fort Lauderdale, lay off the bulk of full timers, replace with adjuncts. Cut back class sections, kill classroom budgets, cut chairs and staff to minimum and have a Dean run entire campus. There is no plan for the future because there is no future. This company is in the final stages of closing every AI campus. It might be in 2019 or 2020 but very soon. They could never pass the scrutiny of accreditation with such little staff and most faculty part time. And perhaps this is what EDMCs planned all along. Pawn off the assets for pennies, declare bankruptcy and avoid all the responsibility of the greedy mess they made. I heard DCEH never made payments to EDMC for the purchase. It's all little shady.

Great post @VOLmVL7-1hmv . This is very true, and it won't be long before these practices backfire on us.

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| 1791 views | | 9 replies (last November 6, 2018) | Reply
Post ID: @OP+VPyzb7o

9 replies (most recent on top)

This does not surprise me in the least. I tried to warn the full timers at Miami that they were not in the clear after AiFL went under.

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Post ID: @bcfq+VPyzb7o

A LITTLE shady?

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Post ID: @3vgc+VPyzb7o

@VPyzb7o-2dbb

Fell off my chair. That says it all.

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Post ID: @3axv+VPyzb7o

“Vibrant “ soul s---ers..... how happy!

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Post ID: @1iio+VPyzb7o

The focus of selling majority assets of EDMC to DCEH was Argosy and South due to the financial solvency of these two schools. AI was and is hemorrhaging money. I always saw AI either being severely downsized or liquidated entirely. Argosy and South can be vibrant schools, but leadership, especially admissions and student services leadership, are echo chambers of their own id--tic strategies. I have never seen such inept leadership in my corporate career, which is why my advise is simple ... run!!!

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Post ID: @1phh+VPyzb7o

I wouldn’t pay EDMC either.

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Post ID: @oqf+VPyzb7o

Enron is interested

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Post ID: @djj+VPyzb7o

Sell? Who's gonna buy them?

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Post ID: @hlm+VPyzb7o

I bet they sell before January - heard they were selling Ai schools

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Post ID: @mwc+VPyzb7o

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