First off, all my best and good luck to all those that were blindsided by DeVry today. You will find that after the initial sting of having the carpet ripped from underneath of you that there are much better and more appreciative companies or organizations to work for.
DeVry is the master of spin. Last week, Daniel Hamburger reported positive gains in the DVG quarterly report even though their are major enrollment and attrition issues throughout DeVry, Keller, Becker, Ross University and AUC. If it were not for the success of Chamberlain and Brazilian acquisitions DeVry would be in perilous trouble. I guess we all should have known that the enormous enrollment and resulting profit shortfalls would be made up in massive manpower layoffs. After all this has become the norm for this organization over the last 15 years.
It wasn't always like this. At one time, DeVry was a great place to work as they offered the right programs at the right times. Majors in Computer Science, Engineering and Networking carried the school throughout the lat 90's and turn of the century. Online learning saved DeVry in the early 2000's and the foresight to diversify through acquisitions has kept the organization afloat over the last ten years. There was a time when DeVry was able to manage the balance of servicing students, appreciating their employees and growing a successful college. However, greed, poor business practices and questionable ethics appear to have DeVry on the brink of disaster.
The hardest challenge that those affected will need to overcome is erasing the stigma of working for DeVry. The traditional higher education sector seems to frown upon the for-profit sector and finding a college/university that will provide a new opportunity may be difficult.