Do you think this will ever be possible?
Is Metric Manipulation used to avoid severance
I have heard from multiple individuals now that they are being investigated for ‘metric manipulation’. What is being manipulated? What kind of culture has this company created? An insider insight is appreciated.
People laid off in tuition period
Going off the posts a few weeks ago, if anyone was laid off and had time remaining on their tuition obligation did HR mention this at all during the meeting ?
Paul, Matt, Andrew, and Aaron will receive $1,246,750 in bonuses in 2.5 weeks
That's it. That's the post.
In other news…
https://feweek.co.uk/us-ed-tech-giant-exits-bootcamps-after-raking-in-5m/
Today’s Layoffs- Who’s been impacted?
HRBP have 20 min times on their calendars… post here which teams have been impacted.
Yup
https://www.morningstar.com/news/business-wire/20240515817170/the-law-offices-of-frank-r-cruz-announces-investigation-of-2u-inc-twou-on-behalf-of-investors
What do certain positions do?
What would you say you do here? SE directors Learning and development team SSAs placement
It’s been very quiet. Time for leadership to give us an update.
It’s been very quiet since the c suite was called out for their bonuses and it’s time to give us an update. Anyone out there have any news on next round of layoffs. Sensing it’s around the corner.
Jobs at Risepoint?
Has anyone tried Risepoint?
WSJ coverage today
The Long, Steep Fall of an Online Education Giant Ed-tech company 2U, once worth over $5 billion, fights for its life after missteps in a difficult marketplace Melissa KornMay 12, 2024 at 5:30 am ET They had plenty to celebrate. 2U, which partners... — read more
Half day Fridays
Are they happening this season?
Can you get your bonus if you put in notice?
If the next bonus payment is 6/7 and Adam Drudges email said “the only contingency is that you remain an employee at 2u on the payment date” can you get the bonus if your last day is 6/7 or 6/10?
Tuition update
I put in my 2 weeks notice following my last post and through my exit interviews no one mentioned anything about tuition reimbursement. I looked at the workday profiles of the “tuition team” I used to email and they have all been “terminated”…so... — read more
275
I applied for my 275th job today since being laid off in October. If you still have a job at 2U, you better be looking for work now. Don't wait for the next round of layoffs. It's pretty bleak out here.
“Three Questions for Pepperdine’s Farzin Madjidi on Working with 2U“
Is this supposed to be like good publicity? How much did they have to pay this guy?? What a joke. https://www.insidehighered.com/opinion/blogs/learning-innovation/2024/04/30/three-questions-pepperdines-farzin-madjidi-working-2u
Why Do We Have an L&D Department?
Why is there an over paid learning and development department if 2U hasn’t hired new in several years? Now L&D creates new initiatives of meaningless work to show they are busy but not really impacting the bottom line.
Earnings call today
Should be interesting.
2U reminds me of the movies: Boiler Room and Wolf of Wall Street + Citron Research
There were many comments older reviews on another website about the Wolf of Wall Street analogy. It is all making sense, just finished watching the movie Boiler Room as well. This is so unethical what this company has done from nepotism to stock... — read more
Tuition obligation
I had a candid conversation with my boss and HR this week and I was told they would not be pursuing any repayment of tuition from employees who left before their time was up. I have over a year left and went to my boss to let him know it was the... — read more
Pushed to the limit and tired
In this challenging climate, where moral support is paramount, it's disheartening to feel increasingly pressured by company demands. Despite the need for a supportive environment, management's actions exacerbate the situation by adding more tasks... — read more
Career Services
What's going on with career services or workforce engagement? Is that the name? Do they still have career directors and advisors?
HQ to officially close on May 3rd, 2024
Well we all shouldn’t be surprised. We all knew this was coming, however, sad. They are looking for another office space for the very few employees that do want to work in the office, however, I just don’t see the point.
Always evolving
Notice there has not been any layoffs in quite some time? Holding on to you hat for the next one with the hopes of a severance? Good luck! 2U is now putting people on corrective action so they can fire them and avoid paying them severances. Instead... — read more
28 cents….
We’re toast
In the spirit of salary transparency
What is your role and how much do you make? I’ll start. I am a Senior SSA and I make $74,000 pre-tax.
“You have to trust us”
I commend everyone who came on camera and spoke out today. Especially the SSA who summed it up. We can’t afford to live. They are tone deaf and have a few million bucks in bonuses as the rest of us do the work to bring in revenue. While it will never... — read more
Paul violated the NLRA?
I believe Paul violated the National Labor Relations Act (NLRA) during today’s office hours call by stating, “…I highly recommend you discuss your compensation with your manager and only your... — read more
Reverse split
As a shareholder, I received my proxy voting materials. There are line items to approve the executive compensation as well as a reverse stock split of either 10 for 1 or 40 for 1. I did not vote in the way the board recommended
Someone was Bold and Brave to ask! Now let see how Paul and th c suite respond to this. To the person that slacked this.
Thank you to the person that slacked this today! You are brave and we are watching closely c suite to s e if there is any retaliation. Good morning, and happy bonus day! @plalljie has spoken extensively about emphasizing transparency within... — read more
Positive outlooks?
All we see and hear about is the negative press and the sh-t show of leadership in the company! I am genuinely curious if ANYONE has even a sliver of hope for the future of this company and its employees?
Annual Report to Shareholders
https://d18rn0p25nwr6d.cloudfront.net/CIK-0001459417/7a957d03-dd30-4796-85e3-936e20d6e1c9.pdf
Thoughts on the studio
I haven't seen anyone’s thoughts on the new creative filming studio spaces. Is there just no talk about it anywhere else because it isn't well known or is it just that no one cares?
2U facing imminent collapse
Please get out while you can. Spend your work days applying and interviewing... — read more
To C suite explain to us how you can justify your own retention bonuses!!!!
Mr. Lalljie ($2,345,000), Mr. Norden ($1,190,000), Mr. Hermalyn ($726,000) and Mr. McCullough ($726,000), to be paid in equal quarterly installments OUTRAGEOUS! How can you justify this? IC got 6%, executive a/c got half of that and SSA got totally... — read more
Meanwhile, new bonuses for the C suite
In connection with the adoption of the Retention Program, the Company has entered into, or expects to enter into, a Retention Bonus and Clawback Agreement (the “Retention Agreements”) with each Officer, pursuant to which each Officer is entitled to... — read more
Boston Globe and WGBH looking at what happened to edX
Boston Globe (Hilary Burns) and Kirk Carapezza (WGBH) are looking for people who worked at edX who can tell them what happened.
4/3 Compensation Call
SSAs are not getting any salary increase this year. There will be a "retention bonus" for SSAs which is 40% of their expected bonus spread out over 4 quarters. So, like $200 maybe per quarter if you're lucky. No scheduled career pathing/promotions... — read more
Online is having problems
Another case of unrealistic expectations... https://www.theassemblync.com/education/higher-education/unc-online-education/