Thread regarding DeVry Inc. layoffs

Worth a read

Having been away from DV for awhile I can honestly say I had some hesitation about even working for DV before I got the job offer. Then I saw how all the people who worked there wanted to help students aucceed. Remember their “We’re Seeious about Success”? They were recruiting high school students and the classrooms of the dozen schools they had were flush with students bright and early every morning. Each term we would enroll 500 students (or more at some locations). By the time I left several years ago the halls of any location was like a ghost town. There were very few, if any, high school students enrolled. The larger “anchor” locations struggled to enroll 2 dozen students. Instead DV went after “adults” and vets who had a guaranteed source of revenue. In essence, the schools were nothing like they were. DV lost its focus. It was no longer a technical school, but just another also-ran like UoP.

I was always told DV was a different proprietary school. We did things right and ethically. Maybe we did. Or maybe I just drank koolaid and wanted to believe it because it made me feel morally clean. I just know I am embarrassed for what has become of the schools. But if you lie and cheat about what is really happening then you deserve to go out of business. Sad thing is the same thing is probably still happening at all the other institutions Adtalem owns. I was once a very outspoken advocate for for-profit schools. But my decision has changed. Especially for public ally held for profit schools.

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They don’t always come back, but the opportunity is presented to them to interview for a newly open lower-paying position.

....doesn't make sense---if they fired you, they wouldn't be talking about hiring you.

if they laid you off, you'd be getting a severance package to allow a few months to find a new position.

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They don’t always come back, but the opportunity is presented to them to interview for a newly open lower-paying position. Why would they come back? It’s easier to pay your bills when you have a job...even if it’s at a lower salary. If you don’t have the financial ability to walk away from the place in the first place you will take whatever you can get

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Firing folks to rehire them is a DeVry trick

Why would someone come back? That does sound like a bad trick!

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/>

Bumpy flight, indeed! You might want to reach out to the Cogswell people directly to see what the future might hold...

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They could just reduce salaries outright. Firing folks to rehire them is a DeVry trick that they do when they also want to cut positions and get rid of a few people that they no longer want. It’s exactly what happened when they went from nine regional groups to four

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Hold on everyone for a bumpy ride. I predict Cogswell will “layoff” everyone then “rehire” the majority of employees at lower salaries; or something like that. I’m not trying to be a total pessimist here but I don’t see another way they can control costs without shutting everything down except online division.

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How about saying if someone really wants to enroll they must be in the top 20% of SAT scores, or won't be accepted without xx hours of remediation? That would fix a lot of it.

Also, if the school feels a student is a good find, simply let the student repay the school over time after graduation. Then no gov't loans are needed. School might look more carefully at who they enroll.

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If Cogswell wants to be successful they will fire ALL of the current DeVry managers, deans, and other administrative personnel. Nothing less than a complete housecleaning will enable the company to function properly. The one thing at which DeVry has been successful is the accumulation of extremely incompetent managers.

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Yes, the problems at DeVry were purely the result of poor management. Yes, there were changes in the market but instead of addressing those issues, they decided to take the easy road and copy UoP. I just hope Cogswell understands the damage management has done, and knows how to return to profitability. Hopefully, it's not too late. Trying to be optimistic, but have not yet seen any evidence that the school can operate as an ongoing concern. It seems more like they just hired Cogswell to conduct a teach-out.

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