Thread regarding Corinthian Colleges Inc. layoffs

A class with almost no students and thus empty can remain open for months or even years. There is a minimum of 3 months more likely 9 to 12 months before the numbers make it back to corporate. The throw away employees being instructors and sales simply get laid off to keep costs down. The rent is pretty much a fixed cost that has to be paid in any month. The overpaid President and his buddies simply hang around until the campus is taught out. CCI is burning about $7 million a quarter and has about $37 million in the bank. CCI can probably keep the facade going with minimal campus closures assuming another 10K drop in student enrollment to 70K. Currently CCI has about 80K students with 25K of those online. If you want to see CCI to make some REAL SERIOUS decisions then YOU need to CONVINCE prospective students NOT to enroll at CCI. Frankly I think a student enrollment of 70K is optimistic as that is basically assuming another 10% drop in the numbers. CCI probably is going to do whatever it takes to avoid MASSIVE campus closures. If CCI starts closing in MASS say 10 campuses or more a year then that just makes it more likely that even more campuses get closed.