"Earlier this month, the Baltimore-based Laureate sold Chicago-based Kendall College for $1 to National Louis University, a private nonprofit institution. Laureate also agreed to pay National Louis up to $14 million to support the construction of... read more
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Topics regarding layoffs at Laureate Education
Does the Point 72 merger affect LAUR? /
Wow, another $180M on acquisitions. Where are they getting all the money? /
Laureate lost $103M for the last quarter. This could get ugly.
"Laureate Education, Inc. (Nasdaq:LAUR), the global leader in higher education, was named "B Corp MVP” in 2017 in recognition of the most impactful contributions to the B Corp movement over the last year."... read more
Laureate Education Inc. announced Thursday that effective Jan. 1, 2018, Eilif Serck-Hanssen will become the for-profit company's new chief executive officer and Ricardo Berckemeyer will take over as the company's president. Serck-Hanssen is replacing... read more
How long can Laureate's shell game continue? They are loaded with debt. A large amount of their assets are intangibles (goodwill, trademarks). And they are undercapitalized in Chile, Turkey, China, and Honduras. I reported Laureate's deceptive "false... read more
Waddell Reed now holds more than 5M shares in Laureate (more than 10% of LAUR shares). / My guess is that they hope to make better returns with this risky investment... read more
Laureate continues to lose money, but somehow they still have the funds to by an Australian nursing school. /
"When the IPO lockup period for LAUR expires on 7.31, 133M shares, previously restricted, will become available for sale. Just 29M shares are now trading. The event offers an enormous short opportunity for experienced investors."... read more
Laureate may like the deregulation and privatization, but the first step is defunding. /
What's happening at Strategic Partnerships? I'm hearing UoPX cronies have taken over. Also heard some disturbing information about employees are treated. Does anyone care about labor violations at Laureate? How many people know but aren't willing to... read more
More losses for Laurete, and the future looks even worse. /
The Santa Fe University of Art and Design has laid off 15 staff workers because of fewer students as it prepares to close, and it expects to notify department chairs and faculty of further job cuts within the next few weeks. Source:... read more
"Former students at one for-profit college allege that the school’s parent company, Laureate Education, committed fraud by deliberately allowing their college to fail and close down." "Three students of the Santa Fe University of Art and Design... read more
Can anyone tell me where Laureate is not corrupt? Here's the case in Portugal. /
A plan by Raffles Education Corp. to buy Santa Fe University of Art and Design has been scuttled amid scrutiny from an accrediting agency. /
Enderson Guimarães was terminated and Eilif Serck-Hanssen is in charge now. Any comments?
DeVos has now hired Taylor Hansen (CECO, Apollo Group) and Robert Eitel (Bridgepoint) for their beachhead team / read more
On March 8, 2017, 15 to 20 attackers stormed a demonstration marking International Women’s Day at Istanbul Bilgi University (a Laureate International school), The university said some students and security personnel were beaten and one student was... read more
LAUR raised $490M in its IPO. But now that LAUR is public, they will have to make regular profits--and that's by reducing labor costs and selling off property. /
"some organizational changes that will take place from next April 1 and which aim to strengthen the strategy Laureate and improve efficiency as a global leader in the world of higher education. Thus, it has taken the decision to integrate the regions... read more
"Laureate Education...is planning to raise $383 million by selling stock privately to a group of six investors that includes Apollo Global Management and The Abraaj Group....Apollo also has been working on a deal to buy the company that owns the... read more
"Jennifer Wright, a former Marine Corps officer who teaches grade schoolers in the California desert, had a dream. She wanted to get her doctorate in education while her two elderly parents were still alive — and while continuing to teach the... read more
Looks like Bilgi University in Istanbul is just another Laureate school with ethics problems. /
Event: For-Profit Colleges: Awful or Abused? Featuring Robert Shireman, Senior Fellow, Century Foundation; Richard Vedder, Director, Center for College Affordability and Productivity; Barmak Nassirian, Director of Federal Relations and Policy... read more
Zoellick, Weber, and Rehberg mean much more to Laureate after Hillary Clinton's loss. /
The easiest way for Laureate to make up for their miserable finances is to cut labor costs. From what I am hearing, new employees in some areas will be getting significantly less pay. While some replacement employees may be ok, lower pay in the long... read more
It's sad when a $7B company like Laureate won't even respond to questions about its financial future and about the safety of its teachers and students at Bilgi University in Istanbul. Brunswick Group (Laureate's damage control for the botched IPO)... read more
The Laureate IPO doesn't look like it will materialize, not anytime soon. Laureate is between $4.5-$5.9 billion. /
Another expose on the Clintons and Laureate. / And it looks like major players involved. "The underwriters for the offering are Credit Suisse, Morgan Stanley... read more
Company selling off schools, tightening budgets ahead of IPO launch. Major layoffs at end of this month, end of first quarter. Watch and see.
The Raw Story article by Ana Kasparian indicates that former President Bill Clinton got the $16.5 million gig with Laureate 7 months after Secretary of State Hillary Clinton got Laureate officials an invitation to the White House... read more
With the Presidential elections coming in 2016, Laureate workers should expect more bad press about their company. A few articles have come out about the link between the Clintons and... read more
As ABC News says, it's more of a "political pipe dream." But more progressive states can do this...../
These massive cuts are the sort of thing a company might do before an IPO. Massive staff cuts make the expenses go down. Don't be fooled. The work still needs to get done.
LA CA office closed over 80 let go all instructional designers were let go today and course developers, media Team and other operations staff
Laureate is not the only on with issues
Laureate Education owns Walden U