so September is slowly creeping up. Any updates on the Rif or anything?
What happens in September?
I’ve heard that something is going to happen in September? There are so many rumors floating around. I’ve heard another big rif but not sure who or where? Anybody heard anything?
It's almost that time of the year folks! Did you get your "UTI Madness Bracket"?
Staff leaving in staggering numbers? Directors being the only member of a department? Students underachieving and unhappy due to an overworked Instructor staff, outdated, broken training aids, leadership with their heads in the sand, can't stop the... — read more
Community college vs UTI expensive tuition.
When I worked at UTI, there was an admissions pamphlet about why UTI is better than community college. One of the things I remember is that at UTI you graduate faster and don't waste your time having to take history, literature etc. I would like to... — read more
Eating Itself From Within
How do my students complete the lab assignments if you take my computers from my lab area? Am I supposed to allow my students to leave the lab environment to complete their lab assignments in the LRC? I hope you realize that I can’t be in two places... — read more
UTI treats you like a kid
I was as student at UTI Norwood in 2010-2011. I have to say I learned a lot from that place I still regularly use the course books to look up information that have some cobwebs on it. I have done well and make 75k a year. However, my experience at... — read more
UTI Balance Sheet
Looks like a slow drain. Total assets down about 10 percent since 2016. (2016) $297.16M (2017) $274.10M (2018) $282.28M (March 2019) $260.34M Total equity down $24 million (2016) $136.61M (2017) $125.78M (2018) $126.65M (March 2019) $112.23M
Mcwaters celebrates 35 years
She should have been fired 34 years and 11 months ago
Earnings call.
Not bad. They are only losing an average of 1.9 million a month. How long can they face these economic headwinds? I thought businesses were supposed to make money! Not piss it away.
They are reading this site
Got our a-- chewed by the campus president about post on this site last week.
Signs your campus might be closing
My guess is by Summer. A good indicator for a given campus would be show rate, number of instructors not teaching, overall campus student count vs number of students they budgeted for, trying to lease existing space and not being able to, employees... — read more
Guaranteed Severance??
Does anyone know if a severance package is guaranteed? I know many employees are sticking around because of the rumor of the severance package but is there actually anything in writing or a contract that states you will get a severance after your... — read more
You will take Mandatory Vacation!!! WTF!!!
Here we go again!!! You must take Vacation! It’s good for you! I’ll tell you what’s good for me! How about being able to take a vacation when I want! I’ve had more vacation requests denied because of lack of coverage, special events and more BS then... — read more
I think it's going to get worse.
Cutting uniform service from Cintas but not cutting any of the useless positions at Home Office? UTI's management at it's best. Throw spaghetti at the wall and see what will stick. They are better off rolling dice.
UTI Managment is Worried more about their investors than Employees and students.
UTI Management is worried more about their investors than their employees and their primary customers, the students. As long as they follow this line of strategy and thinking, It's impossible for their business to turn around. It may be great for the... — read more
Put it in perspective. They Riffed a Whole Campus!
Think about this. They RIFFED A WHOLE CAMPUS! If it can happen in Norwood, the same thing can happen to any campus at any time. Yeah many of us saw it coming, the very low student count, the trying to lease space, the moving of space and resources... — read more
the real mission of UTI
changing lives. one executives bonus at a time. their wealth built on the backs of defrauded students, government loans, and employees.
Managment Never Cared
Management at the top never cared, If they did, they would have fixed their severely outdated curriculum years ago. Very little if any overhead cam info in course 101, Electric fans are on most cars today course 101, No timing belt replacement course... — read more
Most of the Execs at Home office don't have any other experience to pull from
If you sit and think about it, what past work experience do most of the home office senior executives have? Very little to none. Kim McWaters, has been there for 35 years. What sort of leadership experience did she have prior to UTI? None. Sherrell... — read more
Time to admit defeat
At what point does Kim McWaters reign as CEO come to an end? Was her appointment to CEO some sort of experiment that a male dominated industry can be run by a women? She methodically removed anyone from senior management that was from the... — read more
UTI Norwood Closing, Exton is Next, Then Sacramento
There is no way UTI will survive with the gigantic campuses they have now. Across the board at all of the campuses, student numbers are down. The student population at the Norwood campus is around 350 or so, NTI is at 1000 give or take. All of the... — read more
Will the staff at Norwood be getting severance packages and job placement assistance?
Will the staff at Norwood be getting severance packages and job placement assistance? I got $10,000 when getting laid off x campus and had to sign a paper stating that I wouldn't say anything about the layoff/severance because they would take the... — read more
And so the Titanic starts to break apart
Goodbye to Norwood. Last class registration March 19th and done. Doors close Fall 2020. Hey hey hey goodbye.... I smell karma at its best. Hope management can find another job, dbags. Norwood's savior president FAIL!
UTI annual meeting, February 28th in Scottsdale, AZ.
Meeting information. https://www.sec.gov/Archives/edgar/data/1261654/000126165419000006/definitiveadditionalproxym.htm It also looks like there has been movement with the Board... — read more
Well Kim is doing well. Merry Christmas everyone.
I will just leave this here. https://simplywall.st/stocks/us/consumer-services/nyse-uti/universal-technical-institute/news/does-universal-technical-institute-incs-nyseuti-ceo-pay-compare-well-with-peers/
More losses, less cash...campus closings and layoffs
"Operating loss was $35.3 million compared to an operating loss of $1.8 million for the prior year period." "Our cash position, including investments at year end June 30, 2018, remained strong at $58.1 million compared to $97.9 million at September... — read more
UTI in NJ
"Ford is invested in building a pipeline of qualified technicians by encouraging schools such as UTI-Bloomfield to include FACT," said Dave Johnson, Ford Motor Company's global director, Service Engineering Operations . "As an added action, Ford... — read more
Targeting high school students
"High school student starts grew 13.6% percent, reflecting a 390-basis point improvement in the show rate, compared to the prior year fourth quarter."... — read more
Enrollment close to stabilizing?
Lower student population levels as we began 2018 and fewer new student starts during the period resulted in a decline of 5.2% in our average undergraduate full-time student enrollment to 10,380 students for the nine months ended June 30, 2018. We... — read more
Company health survey
So we have a all staff meeting with someone from the home office to go over the Company Health Survey we did a while back. Can’t wait to see how the polish this turd
whew how about that earnings call
if they are doing a turnaround you sure can't tell from their financials
Moving?
Home office lease is up this year.... does anyone know what the plans are? I'm assuming they wont stay in Scottsdale because of the cost. Any info on where they might move Home Office?
When can we expect layoffs at UTI?
We all know they are coming, but what time frame are we talking about?
Dismal enrollment numbers
Dismal numbers. UTI is truly on life support. I can't imagine how unbearable it must be to be a UTI rep and a financial aid advisor. The pressure must be extreme. Reps enrolling students, and financial aid advisors pressured into acting like... — read more
UTI enrollment continues to drop (but at a slower pace)
"Lower student population levels as we began 2018 and fewer new student starts during the period resulted in a decline of 5.2% in our average undergraduate full-time student enrollment to 10,823 students for the six months ended March 31, 2018. We... — read more
UTI transformation plan means more money on marketing
"The Transformation Plan will also include an incremental internal net investment of approximately $4 million for additional marketing campaigns and new resources in marketing, admissions and support services in fiscal 2018. The incremental costs... — read more