Thread regarding Zenith Education Group layoffs

How Can a Company Reduce its Customers and Employees by 66% and Still be in Business?

When ECMC took over the schools there were over 33,000 students at 56 schools and today there are less than10,000 at 23 schools. There were also close to 6,000 employees and today there are just over 2,000 left. There is basically no advertising for Everest or WyoTech and they haven't invested a single dime in the campuses. We still have the same out of date and broken down training aids that was left over from CCi. None of this looks like a business that is on the rise, it looks like a business that's going under to the employees and the students.

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| 1421 views | | 10 replies (last September 1, 2016) | Reply
Post ID: @OP+J3B1pWc

10 replies (most recent on top)

Tampa broke ground on the new nursing facility too!

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Post ID: @7xnc+J3B1pWc

100,000 is just a drop in the bucket when you stand to make millions from collection in student loans.

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Post ID: @4nya+J3B1pWc

A little incorrect; they recently spent over $100,000 on remodeling for the massage program at the Everett location.

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Post ID: @3arf+J3B1pWc

How can you claim to be from CCI and not remember the pay cut and week off we had to take and claim they were successful? Were you not fortunate like I was to receive calls from vendors who were months behind payments well before the DOE stopped the Title IV funding? The constant threat of losing services due to nonpayment? Why does everyone claim that all of the campuses were successful before when there was a hardcore push for enrollments daily because they were failing? And finally, why do you defend CCI when you know that most of what's being said is true? We worked there. We impacted people's lives in some cases, saddled others with bad debt. I'm tired of hearing how all of this is because we don't do things the CCI way. CCI is gone and I'm working my a-- off to make this work, like many who are still here. STFU and get to work or leave. I'm tired of working with people who aren't at least trying, which makes it harder for the rest of us. Also, you can blame Burkhalter, Cochran, Susser, Hawn, but the reason this is hard is because of you. Leave. I'm tired of doing your share.

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Post ID: @2jxz+J3B1pWc

Hello! The only reason Everest stayed in business was to keep the feds from forgiving too many student loans. its good fiscal policy, but bad moral policy. its why the name never changed. All the employees will be gone soon, when the magic number of loans on not yet graduated students is reached. We just don't know when that is. Why we are still taking new students is unbelievable. That is the story. I suspect it is to keep the school going until the goal is achieved at the cost of a few new students.

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Post ID: @1kdl+J3B1pWc

Agree! Successful schools require paying students. No advertising and idiots running admissions at the top - REALLY..... Burkhalter is an HR guy and Cochran is a failed high school rep. If they were looking to succeed, the talent at the top of admissions would be very different.

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Post ID: @1dsg+J3B1pWc

Well that means ours is closing.

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Post ID: @1oej+J3B1pWc

Which ten schools were/are definite assets?

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Post ID: @hgj+J3B1pWc

I can only assume you have never seen the financials of the CCI Schools ECMC purchased. If you did, you would quickly have realized only about 8-10 schools were profitable enough to consider a serious asset. Another possible 10 had close enough margins to perhaps be saved. Therefore 36 of the 56 schools were expected to be shut down. Obviously, student population and work force would be reduced.

Now that they are down to 20+ schools, Its not hard to figure out which schools they are keeping. As those schools are seeing marketing in their area, new equipment, new employees etc. If your campus is not seeing this, then one can only assume your campus will soon be added to the teach-out list.

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Post ID: @hpw+J3B1pWc

No question about it ... ECMC/ZENITH never planed to have successfully run a college. With no investment in advertising or investment in upgrades to the campus they are on a path to close ALL the schools. We haven't even addressed the lay off of ALL the talent.

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Post ID: @bae+J3B1pWc

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