Thread regarding ITT Educational Services Inc. layoffs

It's happening

  1. There were already binding severance packages for employees at at least about 10 campus locations.

  2. Quarter does not officially end for all schools on Monday. Legacy schools in states such as PA that will still have another week of finals so there may not be the huge response.

  3. Likely the only chances are a judges order for an i.n.j.u.n.c.t.i.o.n it seems... and that is likely not going to happen unless they get the "right one"

I doubt this stops here. Any of the other for profits are fair game if this goes the way DoE wants.. Acics will not be out of the firing line either.

Food for thought ... who is buying up the stock ? Yude Zhang? Volume was incredible .. but there are tons of buys ... Guess we will have to wait and see the SEC filings if any.

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| 1041 views | | 3 replies (last August 30, 2016) | Reply
Post ID: @OP+J8eTApz

3 replies (most recent on top)

Tell us more about these severances? Rumor is, there are none?

There's a severance... a coupon for a McDonald's Happy Meal

and a commemorative memorial label pin that says "ITT, 1969-2016, BOHICA CLUB"

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Post ID: @wzr+J8eTApz

Severance policy on employee portal makes it clear that severance is unfunded. ITT pays severance if it wants to and able. Questioning the ability part.

What do you mean binding severance packages? 10 campus locations?

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Post ID: @cuh+J8eTApz

Tell us more about these severances? Rumor is, there are none?

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Post ID: @tqv+J8eTApz

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