Reporting a higher than expected revenue does not mean jack. After canning hundreds of people in the last two months just to rig the numbers for this earnings session comes as no surprise. They know they are going into privatized darkness next quarter so why not go out with a head fake. Notice no projections of enrollment numbers or future earnings. Yup, that is because they know that this cockroach is going belly up. They will not survive past 2018. If they do it will be a one building operation with less than 25,000 people enrolled. All left will be enrolled in certificate crap that organizations just sub out to them as trainings which they don't want to deal with.
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You are probably right !! After reading the last quarterly statement....we have 156,000 students....that is very low ! And it is going to get worse ! Did they do more voluntary layoffs in June or July ??
22%
What should be of greatest concern to employees is that new degreed enrollment was down 39% from last year.