Topics regarding layoffs at Universal Technical Institute Inc.

Topics regarding layoffs at Universal Technical Institute Inc.

Rif Updates?

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?

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 

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| 1630 views | | no replies yet
Post ID: @OP+ZEBK9Oj

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

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| 1610 views | | 3 replies (last June 20, 2019)
Post ID: @OP+Zu7V95q

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.

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 

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| 2190 views | | 9 replies (last March 29, 2019)
Post ID: @OP+Yb7EU1z

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 

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| 2500 views | | 12 replies (last May 6, 2019)
Post ID: @OP+Yajsbec

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.

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| 1620 views | | 8 replies (last March 20, 2019)
Post ID: @OP+Y8MwguS

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 

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| 1650 views | | 4 replies (last March 15, 2019)
Post ID: @OP+XXYQpcU

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.

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| 1281 views | | 1 reply (March 8, 2019)
Post ID: @OP+XXW84M3

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 

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| 1313 views | | 1 reply (March 7, 2019)
Post ID: @OP+XXeHRRB

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 

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| 1380 views | | 1 reply (March 7, 2019)
Post ID: @OP+XWi98Xn

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 

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| 15090 views | | 20 replies (last February 3, 2021)
Post ID: @OP+XLWT3ga

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!

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| 1800 views | | 2 replies (last February 22, 2019)
Post ID: @OP+XH9K1yw

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 

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| 1380 views | | no replies yet
Post ID: @OP+XbsT0d6

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/

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| 1440 views | | 1 reply (December 27, 2018)
Post ID: @OP+WBZNsh5

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 

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| 1760 views | | 4 replies (last December 2, 2018)
Post ID: @OP+WoqEPPJ

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 

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| 1450 views | | 2 replies (last October 31, 2018)
Post ID: @OP+VTQUeib

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 

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| 1700 views | | 6 replies (last November 27, 2018)
Post ID: @OP+VT2YO6B

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 

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| 1391 views | | 2 replies (last September 28, 2018)
Post ID: @OP+VkUprDg

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

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| 1800 views | | 7 replies (last November 20, 2018)
Post ID: @OP+V127LBo

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?

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 

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| 1770 views | | 4 replies (last October 5, 2018)
Post ID: @OP+TQNf83A

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 

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| 1980 views | | 6 replies (last June 22, 2018)
Post ID: @OP+TMg0Z5x

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 

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| 1830 views | | 1 reply (April 13, 2018)
Post ID: @OP+Sk1sj2O

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