To those who refuse to believe venture capital companies only care about maximizing returns/profit....beware. 100% of the time, labor costs are cut close to 50% of previous ownership. There will be numerous areas of "corrective sizing and elimination"....prepare.
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I heard that they will start new enrollment advisors out at 33k yr is this correct? I heaed that they are trying to find reasons to fire enrollment for any reason..is this correct?
Changes are most definitely coming. Im most curious about my benefits, vacay, sick, and ability to get a raise....how will they be affected...IF I make the cut.
i find it are to believe how naive these current UOP employees are. But I guess that's why they have been kept on so far-- they are the sheep, or shall I say lemmings? Good luck all.
Those that do not believe, the purchase will be a great learning experience. This is my third time in a corporate buyout, hold on. The Changes are coming
I went through the buyout of Corinthian Colleges and we were so happy. Less than 90 days later 1500 of us were terminated in one day. Within a year 70% of the employees were gone and 60% of the campuses closed. They're not buying it to save your jobs because moat of you will be let go.
Not much more to cut, but, look around you. Where do you see a group that could still be cut? It's right before your eyes. The most obvious...
@LzUCLhK, I mentioned this months ago. Even worse, look at what Apollo Global has done specifically to the labor force of companies it has taken over.