Topics regarding layoffs at 2U Inc.

Topics regarding layoffs at 2U Inc.

Today is layoff day!

Whose got a meeting on their calendar from their HRBP? Let's hear about your layoff story b/c misery loves company!

Scammy websites owned by 2U

2U partners with a media company called Red Ventures to put ads on websites that seem like legit sources for researching schools but are really just websites for advertising 2U programs that have nothing to do with rankings or any actual... — read more 

by
| 1240 views | | 1 reply (September 28, 2023)
Post ID: @OP+1oPNzPtF

IC Morale Is in the Gutter

I’ve been in SE for years and it’s never been this bad. What Directors and VPs actually do is completely foreign to us - we interact with and engage hundreds of students a day, and we make a third of their salary. SE has a direct impact on the... — read more 

by
| 1132 views | | 1 reply (September 27, 2023)
Post ID: @OP+1oO5Qz9O

Former 2U/edX employee here, and our (university branded) bootcamps are an absolute joke. Here’s an inside look at how things operate on our end

Former 2U/edX employee here, and our (university branded) bootcamps are an absolute joke. Here’s an inside look at how things operate on our end & how screwed up things are. I recently quit after working for 2U for over 2 years as an “admissions... — read more 

by
| 2750 views | | 6 replies (last September 28, 2023)
Post ID: @OP+1oLloQ01

No, it is really that bad.

I've posted before and my warnings have been right. It's bad. Get out. Now. The company has lost 90%+ of it's share value over the last 5 years. The company lost 62%+ of it's share value in 2023 alone. There is no viable business model here. The... — read more 

Where is the Board of Directors?

Publicly traded ed tech company stock tanks for five years, down 97% since 2018 and 80% since going public, with multiple rounds of layoffs but no meaningful changes to the C-suite??? Where's the Board of Directors? Where are the investors... — read more 

by
| 1710 views | | 15 replies (last September 26, 2023)
Post ID: @OP+1oGm1AMq

Current Employee Sentiments

With all the talk surrounding stock price this, value that, I'm curious if any current employees see themselves here for the long haul. I know things are very siloed and different departments see things through different lenses so I'd like to hear... — read more 

by
| 2370 views | | 24 replies (last September 29, 2023)
Post ID: @OP+1otBkTkp

"Enrollment is shrinking...cash burn worrying."

"2U has limited cash and a troublesome pile of debt, which makes its cash burn worrying." https://seekingalpha.com/article/4628147-2u-enrollment-is-shrinking

by
| 1130 views | | 6 replies (last September 18, 2023)
Post ID: @OP+1o7xj5Cd

OPM competition dwindling

Pearson and Wiley out. https://onedtech.beehiiv.com/p/shocking-but-not-shocking

by
| 1080 views | | no replies yet
Post ID: @OP+1nC1CbVI

New CPO

From Coursera... https://www.marketwatch.com/story/2u-shares-rise-7-8-company-appoints-mccullough-as-product-chief-a255cef1

by
| 840 views | | no replies yet
Post ID: @OP+1nyxl3qz

Remember BYJUs?

https://www.bbc.com/news/world-asia-india-66126095

by
| 1182 views | | 1 reply (July 11, 2023)
Post ID: @OP+1nxP1lfX

People are getting demoted left and right!

It looks like 2U is back at it with the demotions and gaslighting. To those affected, I strongly encourage you to seek legal advice. What 2U is doing is not only ethically questionable but also illegal. If you find yourself in a similar situation... — read more 

Thanks (for nothing) 2U

The direction we are going. https://www.highereducationinquirer.org/2023/06/a-peoples-history-of-higher-education.html

by
| 1060 views | | no replies yet
Post ID: @OP+1nqLkXa0

Shareholders Meeting

Good ol' JL gets a vote of confidence. https://www.sec.gov/ix?doc=/Archives/edgar/data/0001459417/000119312523164428/d671863d8k.htm

by
| 1075 views | | no replies yet
Post ID: @OP+1n2aJhS1

The 'new predators in higher education'

https://www.businessinsider.com/student-debt-crisis-online-college-universities-class-providers-opms-2023-6

by
| 866 views | | no replies yet
Post ID: @OP+1n01X8tc

This is why employee turnover is so high

Managers and directors are a bunch of young people who lack experience and do not know how to manage people or run programs. Many of them have superiority complexes and/or are sheep who follow orders from other incompetent people. All they actually... — read more 

Lazy people all around.

Company is flooded with lazy people. Hours or days without chat or email responses. Are people working? Unprofessional and pathetic.

This seems not great

https://seekingalpha.com/article/4603853-2u-problems-multiplying “All in all, the situation is not trending in 2U's favor. Steer clear here and watch the company's implosion from the sidelines, and resist the temptation to catch a falling kn--e.” — read more 

Where is 2U on the OPM battlescape?

https://www.highereducationinquirer.org/2023/05/opm-market-landscape-and-dynamics.html

by
| 753 views | | no replies yet
Post ID: @OP+1mACRn5g

The stock price will become a problem this summer

I’ve read news on how analysts are valuing 2U. One outlet acknowledges that investors may push for additional change by this summer. If you take a look at the stock price and layoffs, there’s a clear trend when and why layoffs occur. Chegg bounced... — read more 

It gets worse...

https://s.wsj.net/public/resources/documents/USCComplaint.pdf https://www.wsj.com/articles/lawsuit-says-university-of-southern-california-used-misleading-practices-to-sell-online-social-work-degree-6545ded9?mod=e2tw

by
| 910 views | | no replies yet
Post ID: @OP+1msLgNah

Really, Chip?

"However, despite US$7 trillion being spent on the education market worldwide, there are no major global edtech companies, even though 2U is... — read more 

by
| 1024 views | | no replies yet
Post ID: @OP+1msdWFOR

Good Old Jack

https://triumpheducation.com/team/

by
| 830 views | | no replies yet
Post ID: @OP+1mrMCQLH

How's the flywheel effect working?

https://www.edsurge.com/news/2022-08-05-what-a-new-strategy-at-2u-means-for-the-future-of-online-higher-education

by
| 831 views | | no replies yet
Post ID: @OP+1mqGH7sM

Have been down this road before...

For more than a decade: COCO, ESI (ITT Tech), EDMC (Argosy, Art Institutes), DV, APOL (University of Phoenix), LAUR (Walden University), Dream Center. 2U is in that same process...of degeneration. Can it hang on? Yes. Do you want to be associated... — read more 

by
| 1040 views | | no replies yet
Post ID: @OP+1miV0Fzo

It’s time for Chip to step down

It is time for Chip to step down. The board needs to take action. This so called rocket ship is going to be another Challenger.

EdTech Griftopia

https://lareviewofbooks.org/article/jason-wingards-edtech-griftopia/

by
| 895 views | | no replies yet
Post ID: @OP+1mb0g8o3

What the edtech/OPM terrain looks like

And with a zoom into 2U. https://philhillaa.com/onedtech/opm-market-landscape-and-dynamics-spring-2023-updates/#comment-3576

by
| 921 views | | no replies yet
Post ID: @OP+1m8em51C

EdTech Meltdown

https://www.highereducationinquirer.org/2023/04/edtech-meltdown-grows-beyond-silicon.html

by
| 1191 views | | no replies yet
Post ID: @OP+1m4n68vW

Start a new thread - post a news comment, question or message:

: