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 UPTO -- so if you use 5 sick days and 15 PTO days you must get VP approval for additional PTO. Additional, I was told by my manager than any sick leave over 3 days needs to be reviewed by HR to see if the person needs to go on STD.
To answer a few questions above:
To all posters here, especially you, Dahn, I’m so sorry you’re going through this. I hope my post can help.
When the company is having a bad year, managers and some senior level employees are offered bonuses and merits raises while other teams are not. Typically the student facing teams are hurt the most. You may not see a title change in the system or LinkedIn, but it’s reflected in compensation via merit and bonus.
If you found your review was lowered in the second half of the year, it’s because Anant promised investors 2U would not be investing in promotions in the Q4 earnings call. Your manager met with a VP or possibly C suite to discuss your review and lower it. They will claim your manager artificially inflated it. But, they are simply forced to comply and move on. It causes a lot of tension between managers and employees. I would suggest to anyone still at 2U to remain in your position for at least the first quarter or until April and be kind to your manager - they are too far gone to realize they have low chance of being promoted to anything above Sr Manager in the next 3 years at least. The job market is tough so use as much PTO as you can and use that time to apply to other jobs and take a course.
Attention investors: the new tuition benefit is free subscriptions to edX for employees and 1 friend. The company is not requiring employees to submit their friend’s information. What will happen when a team of 4K employees provides logins for friends with no connection to 2U in Q1? That’s a lot of new edX users isn’t it?
Where did you hear “no bonuses”?
This all makes sense considering they’re not doing bonuses this year either. This is all such a disappointment considering what a great company 2U was to work for. Chip is just another CEO sellout who takes home millions and can’t pay his “team” bonuses because of lawsuits.
Z is for Zombie...
The basic removal of UPTO has has a really negative impact on my team’s morale. Everyone wishes they’d just give us a set amount at this point, in writing — otherwise this just feels like both a false promise to employees and a way for the company to avoid having to pay out unused vacation time. Stop trying to fake UPTO in a way that benefits you.
Wish I knew the answers to these questions, but unfortunately I'm left curious myself...
Given the state of tech, and Chip's evident love of Elon tactics, I imagine more layoffs will come. My manager's manager has been asking pretty explicitly "what my purpose is on the team" and tasking me with things that "quantify my value"... that makes it seem like I'm providing reason to let me go ...
The radical shift over the last several years in this company is so disheartening ... I wish I could remain neutral but it's taken a heavy mental toll on me good thing we have UPT....Oh wait, not really that anymore either
It becomes more and more difficult to distinguish if these changes have been made to discourage people to leave on their own OR if out of positively sheer stupidity on the side of "leadership?"
As well, how far up the slippery ladder have these changes been made? Are there some (either segregated by department or even individuals) whose benefits (either in part or all the way around) have not been impacted?
Former 2ute here - how have tuition benefits been cut? Considering the benefits they provided to the company (employee retention, boosted enrollment, etc) that's the last thing I'd expect to see go