Let's see how this mess continues to develop. ED has already changed rules about transparency with universities and OPMs that is scheduled to take effect in May. https://www.linkedin.com/feed/update/urn:li:activity:7039340383553626113/

As of January 2023, there are more than ¾ of a million Borrower Defense claims against schools. And each month, about 16,000 new claims are added. Those claims are disproportionately made against a number of for-profit colleges and formerly... —  read more 

This was written in 2019, yet not much has changed. Except it has gotten worse. No more company meetings is a plus. “Steer clear for your own sanity" Admissions Counselors at 2U perform work much closer to fraud telemarketing than "counseling." The... —  read more 

At least one team was gutted with no prior warning

Looks like the other shoe has dropped only this time they're not dragging us along for the ride....

"The consensus EPS Estimate is $0.21 (vs. -$0.20 last year) and the consensus Revenue Estimate is $234.72M (-3.6% Y/Y)." https://seekingalpha.com/news/3930864-2u-q4-2022-earnings-preview

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 

Can you imagine 2U being involved in an ED-OIG investigation? https://www2.ed.gov/about/offices/list/oig/justissued.html

2U's biggest cheerleader... https://www.msn.com/en-us/money/savingandinvesting/cathie-wood-feels-investors-pain-foresees-gains/

https://www.wsj.com/articles/university-of-southern-california-sued-over-education-school-rankings-claims-11671561070

https://www.si.com/nfl/dolphins/news/miami-dolphins-december-4-2022-mailbag What happened with that BYJUs deal BTW?

"I continue to hold the opinion that difficult macroeconomic times flush out the bad businesses and separate them from the good."

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

Sounds like BS to me. But it is fascinating... https://seekingalpha.com/article/4554483-2u-inc-twou-q3-2022-earnings-call-transcript

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 

"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 

Heard from a reliable source that SS teams will be laid off next,

"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 

Looks like he's been busy founding a new company. A sign even he's ready to jump ship? https://proathletecommunity.com/about-pac/

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 

"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 

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 

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.

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 

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 

What's the chances the Nasdaq delists 2u because it stock price is below $1 for 30+ days?

EOM

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 

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.

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 

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.

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 

Did anyone try to negotiate their severance? Trying to see if it’s even worth talking to a lawyer

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.

Some of the best people are gone and some of the slackers are still here. I guess their brown-nosing paid off.

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 

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 

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?

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.