"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
It's worse than people at 2U know... https://www.highereducationinquirer.org/2022/09/state-universities-and-college-meltdown.html
lol. anyone want to take bets when the stock gets delisted?
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
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
Heard from a reliable source that SS teams will be laid off next,
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
What's the chances the Nasdaq delists 2u because it stock price is below $1 for 30+ days?
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
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.
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
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
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
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.
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.
Did anyone try to negotiate their severance? Trying to see if it’s even worth talking to a lawyer
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
barely able to message anyone about my departure. Kind of insensitive - esp given company chat was nixed. Best wishes to all of those affected.
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?
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
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.
Last working day is 8/31. I've only been with the company since June. I'm receiving 5 weeks severance, they're covering regular insurance for September, and covering COBRA until 10/31. Disappointed to be leaving, but for such a short time at 2U -... — read more
Once again Chip said "affected by today's decision" Today's decision, meaning there could be another day in the future?? But then went on to say that "after today we are finished with the reorganization" I just don't know what to believe and don't... — read more
I know because I got one. God speed to everyone today.
I'm hearing people being locked out of their computers today 29th. I guess that's just more of leadership's cluelessness.
Layoffs will increase quite a bit in Aug/Sept. Chip and his team are pressuring for more names. You're performance is being watched, particularly those working remotely.
In late June, BYJUs was going to buy 2U for $15 a share. At the time, 2U shares were selling at $9.30. Two months later, they are selling at $7.37 a share, near an all-time low. 2U is a dying brand that kept it all going by buying more. And by... — read more
Does anyone know if they're letting us keep our laptops if we get laid off?
Does anyone have additional information on which specific marketing teams are going to be affected next week/next month? The waiting is ki----g me
Job postings will be appearing in early to middle September on popular career websites. Teams are being structured currently, starting with administrative and management roles. All U.S. personnel will be affected and are expected to be receiving... — read more
I’m working in marketing and currently in a masters program that I am getting reimbursed by 2U. Does anyone who has been laid off/know someone who has been laid off, know what happens next? Tuition forgiveness, to me, applies to the 2 year... — read more
8-18-22 $7.70 a share, nearing an all-time low...41 percent lower than its IPO price in 2014.... https://seekingalpha.com/symbol/TWOU
Why is 2u categorized as a software maker? They don’t actually “make” software. They use already established learning management systems to host accounts and material. If I’m wrong could you fill me in on what software they’ve made? — read more
Interesting to consider before signing a severance agreement that waives your right to bring a law suit against 2u https://www.natlawreview.com/article/remote-employees-can-bring-class-action-under-warn-act
In all the inclusion talk they never mention the over 40 group. I wonder how much of this is aimed at getting the "More experienced people" out to replace with younger, cheaper people?
For ID positions, master's or above is required. Talented remote ID team with superb team culture!
Just heard word that the US layoffs are now at the end of August instead of mid September
I hate that they are not capable of finishing all the layoffs they plan on doing at the same time. I hate that we're forced for weeks and months to worry and play guessing games of who might be next and when it might happen. It's not healthy and it's... — read more
Any updates as to when the next layoffs will occur?