UTI will need to have some good news for its shareholders. If their enrollment is down again, and they are losing money, they will need to further reduce labor costs. RIFS also give shareholders more confidence.
The earnings call is scheduled for Wednesday, February 1st.
Yep, the next couple days should be interesting.
I hear from the Ranch that Hime Office is setting up some sort of live feed to the campuses. All the big wigs are gathered in Snottsdale for a meeting.
Something is brewing. Todays earnings call will be telling.
It will be underpreforming campuses next. Just a matter of time.
True, but sometimes there is no method to their madness.
Home office employees are moving around to consolidate space this week and next to be able to lease out the first floor space.. I would think that if it was a home office RIF they would've done it already to save all the work and time of everyone moving
Anyone know what departments will be affected?
I am going to guess the notices will hit Friday. They will anounce their plan during the call.
I hear one campus has dropped about 200 students since last year. Running at ~40% capacity.