Word is out...layoffs and position changes in May.
7 replies (most recent on top)
Hope they layoff the entire central group executive team!!
What possible positive impact or 'profit' (or tax writeoff) can accrue to PV, that wouldn't equally apply to ATGE, were the latter to just keep DeVry? This just isn't making any business sense.
I'm concerned that PV (and Cogswell) have made no mention whatever of the 'plan'. That's kind of disturbing, too.
For those depending on WARN: I was there when ITT shut down with no notice whatsoever to its 8,000 employees (and many more students). Somehow, if WARN didn't apply to ITT, why do we think it will apply to DeVry/PV/Cogswell?
Hope one is Zorek!!
Palm Venture bought DeVry for one of two reasons 'teach out' over the next 2/3 years for tax right-offs or to down-size and take it all online to stabilize and make some $. I don't think anything will happen until after the ink drys on the final document in June. Then for 6 months there will be constant change, few will make.
did they layoff group level managers last month? it looks like a bunch of senior managers are no longer with the company.
I heard to expect a teach out. It appears DeVry not meeting required enrollment numbers for the transfer to go through
Says who? We heard same thing in March.