Today was not the big day folks hyped up forever....vague statements that mean nothing. Its like people want there to be mass layoffs but its not going to happen.
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I think that the comments from 223 are correct. In the last two rounds of layoffs, the numbers that the RIF'ed ex-employees received were substantially higher than those reported in the Pittsburgh Business news and the company's official statement.
082's comments about wasting money are also correct. A while back both Forbes and Wall Street Journal called out the original (not recent) stock buy back as an incredibly stupid move that put the company in a hole but enriched folk at the top. What a shame. I do not know much about BM or South, but Argosy and AI started as good schools for very specific demographics; branching into useless BAs that would give the student nothing of value was bad, but the way the leaders looted all the value from the company is shameful on many levels, and those hard working folk who lost their jobs so that GS and top admins could cash out.... gee
If onljy one hard-working loyal EDMC employee was "walked out" this would be significant! I guess the empathy from the corporate level is ZERO. Not a care one about the 300+ lives (and the families) that were destroyed yesterday. It's so cold at the top. Not at all the rhetoric they have been spewing for years, about " caring" for their hardworking employees with families. They have ruined / affected thousands of lives, yet we have officers of the company taking millions of dollars in "bonus" money? Really?
I would be curious to find out the actual number laid off. From someone that gets the list of the positions and ages that were let go. Last year on June 24, EDMC told the media they laid off approximately 250 but the papers we were given had 498 positions eliminated. I'm just wondering if it as more than that or not.
I got the axe today. Totally blindsided. They kept dangling the carrots and my manager told me I was fine as recently as last week. Today he said he had no idea this was in store for me. Feel like I got hustled pretty hard.
Taking a job at this scam school was a bad move. Besides student outcomes, the only thing they give fewer phucks about is their work force.
This company continues to waste money. They have a product where they gross 300% margin yet they continue to have issues financially. Get rid of the CFO now!!! Eliminate some of these good for nothing executives who are retreads from other organizations that smartened up and kicked them out. Just maybe if you do that you can stop the boat from sinking!!!
300 cut this month, 300 next month, maybe skip a month then 150 the fallowing month and another 150 but dont worry folks, nothing to look at. No mass lay-offs. See how our accounting method works. See we figured out the same scam we have been pulling on the students receiving financial aid can be utilized to subversively eliminate thousands of employees over time without taking a big news day hit about our downward spiral as a zombie college. Death by a thousand cuts, the school will slowly bead out, by the time the press notices, it will be long gone.
Shame on you 109999--300 laid off is significant and, considering their total number of employees includes part-timers, it's more than 1.5%
For those let go today, be happy you are free of jerks like this original poster---a despicable human being.
Just remember 109999, what goes around, comes around. We certainly won't mourn you when the doors close at EDMC.
Your kidding 109999, 300 positions is rather large... According to the article only 1.5% of the work force, but if you add all those cuts to the rest of the cuts that have happened over just the last year.... Those of us that are still here are on a sinking ship and we are bailing with a tiny plastic spoon.
There will be more next month after they figure out what programs across the board gainful employment is going to take out. That should be easy enough for everyone to figure out ahead of time.
I worked at the center 2 ppl got laid off from my team and we were in a room with about
- From all departments.
Are you fing kidding? AUO pittsburgh was basically told we're on borrowed time. Everyone is interviewing for the new positions on Monday and Tuesday. They're cutting 50-70 people (possibly more) from just AUO Pittsburgh. They're not calling it a "lay off" right now because we all have our current jobs until the 17th. It's totally fed. Moral couldn't be lower, it's a slap in the face but at least I guess it's the "advanced warning" everyone was talking about.
Okay 109999, I am not sure what you call "mass layoffs" but 300 is rather significant in my opinion:
http://www.bizjournals.com/pittsburgh/news/2015/06/24/edmc-cuts-300-employees-nationwide.html
No, it happened at the center. Nearly my whole team...... Yes team, was laid off. Both managers, too. It's sad, but on to the next.
I think that any day when any workers get laid off is sad. 109999, you speak as though people want others to lose their jobs, which I don't think is the case. This company is not very well thought of by many, including quite a few that are employed by them. I will not be surprised to see the renewal of the exodus that follows these layoffs.
If in fact 80 people in total lost their jobs, that is a lot, and given the number of employees left in Pittsburgh, a relatively significant one. IT used to employ over 600 people not that long ago, and that number now is quite a bit smaller, so 21 people losing their job, whilst not "mass layoffs", is a sizable number that will surely affect how efficiently the departments within function.
And there lies the problem with EDMC management: To them 50-70 people being laid off is not a big deal.
Lucky not the management in my building because they got walked out!!!
Um but it did happen!?!
It is pretty clear that you are a part of management, sweetheart.