Thread regarding DeVry Inc. layoffs

So Who Responded To Every Single Thread Last Night?!?

Looks like someone just found this site. It’s generally good nettiquette not to resurrect old discussion threads that haven’t been active for months, or to spam every thread you can find. Start a new post and tell us your story if you are a former (or soon-to-be-former like the rest of us) employee. Otherwise it seems like you are trolling the board.

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| 4242 views | | 30 replies (last February 10, 2018) | Reply
Post ID: @OP+RtrDkaJ

30 replies (most recent on top)

All seriousness aside, if trolls are made of spam, do they weight as much as a duck, Sir Bedivere?

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Post ID: @ckvx+RtrDkaJ

The administration did notice! Their best answer was to give the school away because they had short-sighted themselves into a corner.

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Post ID: @8pua+RtrDkaJ

@RtrDkaJ-8mtg Seriously? These students can't even get the courses they want!

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Post ID: @8gym+RtrDkaJ

Again, the students need to demand accountability from the administration...if not enough full time faculty are provided, they need to take action. The administration will take notice if they don't sign up for more classes.

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Post ID: @8mtg+RtrDkaJ

Not only are a minimum number of Ph.D.s required--these must be full-time faculty. So, at Cogswell in English and Humanities, they currently list an MFA (the department Chair, Assistant Professor), an Associate Professor (MA in Russian Lit), and an adjunct with a Ph.D. in psychology. I don't know what that portends for folks currently teaching Writing and Humanities courses...

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Post ID: @8wex+RtrDkaJ

@8vgi You must be new here.

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Post ID: @8cnw+RtrDkaJ

Why don't the students require a minimum full-time faculty at the campus? They should refuse to register for classes until the issue is taken care of at their particular location. Don't they care about their own college?

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Post ID: @8vgi+RtrDkaJ

I've heard about the minimum Ph.D. issue...but Cogswell as it exists, has a limited curriculum...are they going to need people with doctorates in fields they have no desire to maintain?

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Post ID: @8hin+RtrDkaJ

In order to keep accreditation, they have to have a minimum number of Ph.D.s on faculty--OR, sell the lot and let that be Cogswell's problem??

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Post ID: @8lmk+RtrDkaJ

The teaching employees will be 100% Adjunct Faculty, contract-based with no benefits. There may be three or four DeVry managers remaining.

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Post ID: @7iaw+RtrDkaJ

AdT no longer providing severance.

How would they do that? What would be the explanation

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Post ID: @7tov+RtrDkaJ

Yes. Panic attack indeed. However. It’s time for all of us to get our heads out of the sand and Wake up!! Transparency is gone people. Every man/person for themselves....

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Post ID: @7xvm+RtrDkaJ

@RtrDkaJ-6swl

Thanks for the panic attack.

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Post ID: @6afc+RtrDkaJ

Cogs and AdT got together and we’re like damn we need to get a rid of a lot of people. Must avoid bad publicity. They came up with a great scheme:

AdT will make DV trickle in the layoffs, and not say anything to their employees. AdT no longer providing severance.

Cogswell won’t offer many employees a position at their DVU. No severance.

They divied you guys up and are going slow to not arouse suspicion, and so you don’t just leave like you already should have.

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Post ID: @6swl+RtrDkaJ

5 down...3 to go...

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Post ID: @6rbw+RtrDkaJ

No "mass closures" or mass layoffs within 90 days, except that:

"Nothing in this Section 7.01 will obligate Buyer or the DVU Transferred Entities or any of their respective Subsidiaries or Affiliates to continue the employment of any University Employee for any specific period".

I read this to mean that no employee, individually, is covered by WARN. Otherwise, why is this here?

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Post ID: @6ero+RtrDkaJ

large scale layoffs and campus closures are prohibited for at least 90 days after the closing date.

"Buyer will not, at any time within the 90 days after the Closing Date, effectuate a “plant closing” or “mass layoff,” as those terms are defined in the WARN Act or any similar Law, affecting in whole or in part any site of employment, facility, operating unit or University Employee."

one good thing is that the salaries and benefits minus the 401k for employees are guaranteed at the Devry level for at least one year after cogswell takes over.

"As of the Closing and for the one-year period following the Closing Date or such longer period as may be required by applicable Law or Contract (the “ Benefit Period ”), Buyer will, or will cause the DVU Transferred Entities to, provide each University Employee with (i) base compensation that is at least equal to the base compensation that is in effect for such University Employee immediately prior to the Closing and (ii) employee benefits that are substantially comparable in the aggregate to those employee benefits provided to such University Employee pursuant to the applicable New DVU Plans, if any (subject to Section 7.01(d) , other than any 401(k) matching benefits) as applicable, immediately prior to the Closing"

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Post ID: @5vym+RtrDkaJ

https://seekingalpha.com/filing/3787533 - Sounds like massive lay-offs and closure of all campuses will be completed over the 2018 financial year or immediately in July. What's left will be online with few staff members. Executives get their pay day.

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Post ID: @5asw+RtrDkaJ

God DAMN i'm glad i'm outta there.

You all better get out now before you're competing for jobs with 10k other "Higher Ed Professionals".

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Post ID: @4gow+RtrDkaJ

that's an interesting document. it clearly also states that Adtalem will hand Devry over to Cogswell along with the resignations of all the directors and officers of Devry that means JB and other top level executives are waiting to close the deal to claim their golden parachutes.

https://seekingalpha.com/filing/3787533

someone should ask JB about his retirement plans in next town-hall

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Post ID: @4pkp+RtrDkaJ

No one should expect severance.

"The Seller is not and will not be obligated to pay separation, severance, termination or similar benefits to any University Employee, and no DVU Transferred Entity is or will be obligated to pay separation, severance, termination, or similar benefits as a result of any transaction contemplated by this Agreement"

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Post ID: @4kwy+RtrDkaJ

So who does the dirty deed and when? Does Cogswell tell DeVry to layoff faculty and staff as part of transfer? Or does transfer go through and Cogswell drops the hammer?

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Post ID: @4yyx+RtrDkaJ

There will be no severance. Look at the ITT threads....hope quickly gave way to reality. Many stayed as they were sure a company the size of ITT would protect their employees. That was simply not the case (same with Corinthian). In fact many ITT employees stayed on a few days after the doors closed just to assist students and received no pay for that. Shameful, but reality.

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Post ID: @3snv+RtrDkaJ

What uncertainty? Everyone knows DeVry is dead. Everyone on my campus is looking for new work. Everyone. However many are staying to see if they can get a severance package.

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Post ID: @3pve+RtrDkaJ

@RtrDkaJ-2wzn, I am concerned about the uncertainty, of course. There are so many possible outcomes and no way to predict which way the cards will fall. Will Cogswell back out and Adtalem keep us on life support for a while longer? Will Cogswell back out and Adtalem begin a teachout? Will Cogswell back out and Adtalem just shut us down? Will the deal go through and Cogswell find a miraculous way to make us profitable again? Will the deal go through but DVU fail to produce so Cogswell shuts us down? Will the deal to through but Cogswell decides to close the campuses and focus only on our online offerings? Will Cogswell decide to merge us with Cogswell College? Or are we headed for some unknown fate that is not any of these? Regardless, I am bracing for a highly likely separation from DVU this year.

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Post ID: @3usz+RtrDkaJ

Colleagues: Is anyone concerned that in this time of immense uncertainty, there is little address to faculty/admin concerns--what will happen when a school of 20,000 is squeezed into a school of 600? What will happen if enrollments continue the history of declining? Are we headed for a defacto teachout? Bear in mind, there will be no more protection from a public-facing company nor any financial cushioning....

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Post ID: @2wzn+RtrDkaJ

Oh, and RTFM Wot to you too.

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Post ID: @1lvp+RtrDkaJ

Wasn't me. I just believe in Freedom of Speech. Ignore the things you don't like.

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Post ID: @1yna+RtrDkaJ

Sure, have fun. Whatever. Just seems like you've never used the Internet before.

In general, older threads with brand new responses don't get read as often. The topic has been moved on from, so to speak. You would get your perspective heard more if you started a new topic or responded to a current one. And some of your responses didn't exactly make sense with the topics that they are posted to--seemed more like an exercise in OCD completism than actual participation in a discussion.

If you want to quote something, start that line with a greater-than sign, like this >

This is a quote. The greater-than disappears and the text is indented.

Again, none of this really matters all that much. Go ahead, Troll/Spam away if you'd like. We're all headed toward the DV Career Meat Grinder anyway.

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Post ID: @pip+RtrDkaJ

Freedom of Speech.

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Post ID: @mri+RtrDkaJ

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