Since the company has now cut tuition benefits, begun policing UPTO, and is now demanding RTO do we think they are hoping people will voluntarily resign? Are more layoffs coming? Also, I was told sick/safe leave is now included in our 20 days of... — read more
US Department of Education Office of Inspector General
Can you imagine 2U being involved in an ED-OIG investigation? https://www2.ed.gov/about/offices/list/oig/justissued.html
Public Transparency for Low-Financial-Value Postsecondary Programs
This could put 2U on the radar again. https://www.highereducationinquirer.org/2023/01/public-transparency-for-low-financial.html
Auntie Cathie...
2U's biggest cheerleader... https://www.msn.com/en-us/money/savingandinvesting/cathie-wood-feels-investors-pain-foresees-gains/
(Wall Street Journal) University of Southern California Sued Over Education-School Rankings Claims
https://www.wsj.com/articles/university-of-southern-california-sued-over-education-school-rankings-claims-11671561070
So what's Chip doing these days?
https://www.si.com/nfl/dolphins/news/miami-dolphins-december-4-2022-mailbag What happened with that BYJUs deal BTW?
Is 2U a "zombie company"?
About 300 companies or 13 percent... https://www.yahoo.com/now/huge-number-zombie-companies-drowning-120000776.html
2U: This Business Will Not Stand The Test Of Time
"I continue to hold the opinion that difficult macroeconomic times flush out the bad businesses and separate them from the good."
Guild Education still hiring
https://www.linkedin.com/jobs/view/3386855731
Academic Worker Strikes and Unionization Efforts
UC System Yale NYU New School University of Kansas University of New Mexico https://www.chronicle.com/article/biggest-campus-worker-strike-ever-brings-many-classes-to-a-halt-across-u-of-california
Maybe 2U can recruit al those desperate folks in Silicon Valley
Lots of desperate and newly unemployed people in Silicon Valley. Don't they sound like perfect targets?
University of California System Strike Authorization
Could a UC System affect 2U? And is there something 2U workers could learn from this? https://www.commondreams.org/news/2022/11/03/university-california-academic-workers-overwhelmingly-vote-strike
Coursera layoffs
https://blog.coursera.org/changes-to-the-coursera-team/
This place is looney and everybody knows it
Pros Can play tetris and solitaire every day and pretend like you're working - Upper management in the B2B Enterprise Sales org is oblivious - didn't work at all and still got paid monthly commission - If you want to waste your time, stay idle and... — read more
More losses...
Sounds like BS to me. But it is fascinating... https://seekingalpha.com/article/4554483-2u-inc-twou-q3-2022-earnings-call-transcript
2U is an exemplar of the College Meltdown
"The College Meltdown is occurring at all levels, but the schools hardest hit are for-profit colleges, community colleges, small colleges and regional universities. Now we even have elite schools managed by online program managers (OPMs) that have... — read more
It's no wonder Chip is distracted...
Looks like he's been busy founding a new company. A sign even he's ready to jump ship? https://proathletecommunity.com/about-pac/
OPMs not meeting expectations
"A survey of chief online learning officers indicates that online program management companies, or OPMs, aren’t meeting their expectations for marketing and recruitment, even though these are the services the college officials said they needed... — read more
What Chip said at the last co-----l party...
"CP, CEO and co-founder of 2U, acknowledged the tough market conditions. “I show up at co-----l parties right now, and people go, ‘How are you?’” he said. “Because, obviously, it’s not been pleasant lately. And we take that very seriously. Our... — read more
The State University College Meltdown is Worth Understanding
It's worse than people at 2U know... https://www.highereducationinquirer.org/2022/09/state-universities-and-college-meltdown.html
2U Lost 21% of value this week alone.
lol. anyone want to take bets when the stock gets delisted?
Things are WAY worse than you think.
2U has lost over 90% of it's stock value since 2018. The stock is now in the $6 range and will likely drop lower soon. The company has only had one quarter where it turned a profit. Last quarter it lost more than $0.06 billion. The quarter before... — read more
Anyone finding LHH outplacement services helpful?
So far I'm finding Lee Hecht Harrison consultant to be useless. They seem to have a tunnel vision of what next steps should be and are not listening to what I want. Is anyone finding them to be a real resource or is it just a guise for 2U to feel... — read more
Student Success is next
Heard from a reliable source that SS teams will be laid off next,
Not laid off but wish I was
I made the cut. I can barely focus because I feel so angry at the company. I also hate my actual job here. I wish I was laid off and someone who wanted their job could have been saved. I have guilt about still having a job here and dreaming about... — read more
2u delisting?
What's the chances the Nasdaq delists 2u because it stock price is below $1 for 30+ days?
2U Share Price is $7.01. BYJUs SPAC IPO.
2U is at an all-time low share price, $7.01. Shares down 81 percent over the last year. Market cap is $543 Billion. BYJUs was offering $1 Billion or about $15 a share for 2U (TWOU) The same BYJUs that has been delaying its own financial... — read more
UNIONIZE!
It takes work and dedication to bring to fruition, but it may honestly provide the potential to directly address all levels of the just Wrongness that this place has perpetually evolved into.
Defense to Repayment (aka Borrower Defense)
For anyone who feels guilty about enrolling people into programs they could not afford, there is a group of folks who are appealing to the US Department of Education for debt relief. While the first in line will be for-profit colleges, 2U students... — read more
Diversity -- Equity -- Inclusion -- Oh My!
Let's see how long this post stays up before it's censured by Caucasian guilt. If you are a beautiful black American, you should take a look at the 2u board of directors and the mutual funds that own 2u. If you can get past the obvious lack of... — read more
Even if you don't plan to leave, start sending out applications
Too many people have been out of the hiring game for too long and I know for a fact that being laid off has left some of them feeling completely lost. There's an easy way to avoid this: start applying for jobs even if you're not planning on leaving... — read more
Employee productivity monitoring
Does any one know which employee productivity monitoring system 2U uses? In the past, I know our computer activity was monitored, but now that we are remote and restructuring I have a feeling they are watching more closely.
SVP Update
Limited communications coming from Chip and his team. There's likely to be another round of layoffs, maybe a few more. SVPs and VPs are not immune either.
Severance
Did anyone try to negotiate their severance? Trying to see if it’s even worth talking to a lawyer
Creative layoff
Ming boggling getting laid off after 5+ years with this company. Being on the creative team and taking away my access 10 minutes after the HR meeting is disrespectful. That computer become my main device at home with personal files, pictures, and... — read more
Pompt G-suite Cutoff
barely able to message anyone about my departure. Kind of insensitive - esp given company chat was nixed. Best wishes to all of those affected.
quiet getting laid off
I don't know how much longer I can last working here ... but I am in the 2 year tuition payback period ... How can one discreetly get let go in the next round/s?
Do NOT accept their severance offer without speaking to a lawyer!
It looks like they are only providing 5 weeks of severance. After speaking a lawyer, I'm told that 4-6 weeks (depending on level) of base salary per year of tenure is standard. This should also include equity and expected bonuses. Some of you may... — read more
Who are the affected teams?
My manager has been tight lipped so have no clue who exactly has been affected over the last month to today. What marketing (and non marketing) teams have been impacted by the layoffs? Chips email so vague.