Thread regarding DeVry Inc. layoffs

Several facts explain the current strategy.

1. Devry Education Group schools are second chance schools. These schools take students who do not have the skills to succeed in schools that require the ability to study, think, and learn.

2. DEG overseas schools like Ross are very profitable and the profits are not taxable in the US

3. DEG relies on the 80-90% of its students who do not complete their degrees for the majority of its profits.

4. DEG continues to commit fraud because it knows that the majority of second chance students are not smart enough and lack the resources to sue the school for giving them a useless education.

Therefore the strategy is to disinvest in schools with declining enrollments in the US, which includes radical cost cutting, and continue to pump up overseas operations. The goal is to enrich the executives by maintaining the stock price so they can cash out, and fold individual schools when their business model cannot be sustained. This is typical corporate strategy for managing a set of different companies. The executives do not care about faculty, students, employees or investors as they are concerned only with using the corporation to enrich themselves. They will continue to commit fraud as long as their lawyers can protect them from any sort of punishment.

Even the website is an embarrassment

http://www.dvxlabsincubator.com/phone/index.html#about_us_page

I agree. DVX would have been a great idea at one time, but that ship has sailed. Unfortunately the "DV" part of DVX is probably the feature that will keep it from taking off. Between the last two conjectures presented in this thread, I would bet on the one about students leaving over the one about selling DVU.

You can't be serious about dvx. We're not looked at seriously in the tech space anymore and haven't been for many years. Especially now that the Ftc issues are ruining any brand recognition we had, including that of dvx. What a joke. Dvx is just a place for ED to go mess around when he gets bored and depressed at DOS

I wouldn't rule out DVX as a viable business strategy. Back when we were the DeVry Institute of Technology, we had a lot of partnerships with local companies and tailored our curriculum regionally based on their direct input. One of the first huge blunders that DeVry made was when they tried to standardize everything nationally. They lost the ability to support the needs of a region in exchange for a common but weaker curriculum. DVX looks likes a decent attempt to regain some of the advantages that we lost through some of earlier boneheaded decisions that put on the path to where we are now. It's like an undo button in a way, if it works as intended.

The point I'm trying to make is that if DVX takes off, it could possibly make DVU attractive to a buyer if DEG decides to sell us off so your theory about that might still be valid. Also, if it provides enough of a cash infusion, it might even keep DVU afloat for a few years longer than predicted. Only time will tell.

@I3ndc1X-1sqf I think you may be on to something. My campus has been trying to figure it out too, i think we all have, and your theory holds a lot more water than ours. Our guess was that DEG was trying to spin us off and sell us but that can't be right because they're only putting a cosmetic face on us and not investing anything to increase our value except maybe that new DVX bridge thing. Our BUSN professor thinks the only other selling point we might have would be all the assets we have to liquidate, so our theory might not hold up. Yours could be worth thinking about. It lines up with stuff we talked about too and it finally explains the logic behind the layoffs we just had.

Has anyone else noticed that the Troll's hostility seems to rise proportionally to the validity of our conjectures? I have to wonder if that means it actually knows something. I hope it doesn't throw a tantrum and leave the site because it's nice to have a sort of built-in litmus test to tell us how close we're getting to the truth. You all just need to stop sinking to its level, because that distracts us from our goal of helping each other out and figuring out what is really going on. I am fairly certain that such distraction is precisely the Troll's raison d'etre. From now on, let's try to keep the discussion on point and just use its reactions to gauge whether we're getting warmer or colder.

@I3ndc1X-1sqf ------I hope you commit suicide or get shot by friendly fire. Same bating person who posts with no real substance like we are idiots.

To the question of how long DeVry will remain in business, the belief among my campus colleagues is that they have no intention of doing so. Several clues have been observed, not the least of which is the ceaseless barrage of preventable self-destruction that comes at us with the regularity of the sunrise. We believe that the overarching strategy is to continue the trending degradation of service to the point where greater numbers of students will simply leave on their own, thereby reducing the payout at the eventual collapse of the company. (I almost said "university" but let's be honest.) After countless conversations on the subject, this theory remains the only one that has thus far withstood scrutiny. As another poster so accurately put it, we're all about "smoke and mirrors" until the student population drops to an acceptable level for us to close the doors.

Ever hear of Raytheon??? 14 billion in 2013 to make weapons of mass distruction. That's just one year of the tax payers money. Do your research idiot.

Gee let's see communist and uneducated, there are companies getting paid trillions of dollars by the US government that cause much more harm in society then little ole Devry. You sure you want to open that can of worms??? Go back to Russia!

Does the idiot calling everybody who disagrees a communist realize where DeVry would be without the government tittie it's been sucking for the past 20 years?

Whoever the person is who is so bitchy about the adas is probably just a low life advisor that can't be an Ada so they p--p

All over people better than them get a life

D: @I3ndc1X-jkv Why didn't you whistle blow then if they were doing all those illegal things? You could have been retired and a millionaire.

Or did they just make you do your job and you failed?

There's only 1. Let me repeat that 1 public FACT that is the ONLY PUBLIC FACT, which is the FTC complaint. It's the only public record, there are no other lawsuits of public record. Everyone knows about the FTC complaint and to keep posting links about it is redundant and boring. The "other" lawsuits you keep posting haven't been filed and they are not lawsuits. Sooo, the ADA's are idiots, the national director Brandon Ohms is even more of an idiot. And long time long term Ada or Director---first off directors cannot recruit so I don't think you are who you say you are, nice try tho communist.

As someone who worked as a top admissions advisor, ADA, and Director with DeVry for many years please trust me when I say that we were trained, pressured and punished if we did not recruit enough students.

DeVry can 'spin' it anyway they want but they are just as quilty as U of P, Ai, Corinthian and all the others of illegal and pressurized recruitment tactics

Anyone that tells you differently is lying.

I don't care I just wanna talk more smack about adas

The trolls on this board are actually DeVry attorneys posting ad hominem attacks to discourage people from posting public facts about DeVry.

@I3ndc1X-ham---If someone wrote an article on the Internet that read Aliens Invaded Washington DC...would you believe it? Do you even know why Corinthian got sued? Do you know why EDMC got sued? EDMC not only put the statistics out there wrong but they also paid commission to their admission reps but they only had to pay 98 million dollars. So honestly the articles you post and the knowledge you think you have based on Internet articles is useless.

Jumping the gun huh communist? Assuming there will be huge bankrupting settlements. Wanting a company to fail? ! Go back to Mother Russia. Communism is almost distinct. And we have more assets than that;)

DeVry total assets as of March 31 are $2.1 billion, a $1.1 billion settlement would wipe out 50% of those assets leaving a burned out shell of a company whose continuing viability would be questionable. http://quicktake.morningstar.com/stocknet/secdocuments.aspx?symbol=dv. The stock analysts are spot on. It is ironic that DeVry just spent $330 million to purchase an anti-fraud company (https://biz.yahoo.com/e/160623/dv8-k_a.html) further depleting its cash reserves available to pay the FTC and shareholder suits.

Agreed! 200-300 more years sounds right. Devry can afford 1.1 billion dollar settlement so, the threat of it being that much based on your post is weak. Investor lawsuits won't happen because you can just come out and say they defrauded the investors and lied. Devry will settle with the FTC with the FTC putting a stipulation in the settlement that there is no admission of guilt and no proof of guilt. Investors can't argue then. The methodology they used was told to them by several Attotney Generals offices that it was correct and what they use to calculate a schools graduation rates and $ made after

Graduation. Soooooo, again your posts are not scaring anyone.

200 - 300 more years