Layoff plan will be addressed on the meeting with Paul on the 15th, if not sooner. They been to show cash flow asap. Easiest way to do that is to layoff people. Boot camp is going to be impacted most. However, other departments are also on the... — read more 

https://www.timeshighereducation.com/news/2u-struggles-us-universities-go-it-alone-online-delivery

Cut the dead weight of employees who do not meet expectations and abuse the UPTO guidelines . At that point you will have the people who want to drive results and show up.

I think there's numerous examples of employees taking things to HR and being punished for it. HR should be FOR the people, not the execs. Does anyone have any regular cadence meetings with HR? Do you feel supported? My experience is that they show... — read more 

Paul, Wilmington Trust, or someone else? https://www.youtube.com/watch?v=Ko97BKLjpdo

If there is a layoff coming, how could someone approash being voluntarily laid off without losing the severance package?

I'm not an accountant or a financial analyst and yet, in my role, I'm given the responsibility of creating invoices that calculate the total revenue from students enrolled in 2U programs and how much of that revenue is due for payment from the... — read more 

I find it strange that the CFO who was in place and in charge of the key financial decisions that helped lead to 2U’s current situation has been elevated to CEO.

Take the time to educate yourself and read this article. Insightful and non-bias. The best thing we can do is stay informed. God speed. https://onedtech.philhillaa.com/p/2u-facing-additional-existential-changes

Straight from Paul Lalljie, the company doesn't have enough income to be profitable anytime soon. also talked about taking a hard look at what's working and what's not, spoke several times about hard decisions to be made moving forward. addressed... — read more 

Recently, someone posted here (https://www.thelayoff.com/t/1pA9Mgjq): "I hope you've saved some money. Within the next 3 weeks you will see another round of terminations. Please forgive me for not including more details" By the end of this week... — read more 

Pay little attention to this bootleg source. Chances are by the time you see this, Dahn Shaulis aka Higher Education Inquirer will have this removed. Is what it is. Live your live Dahn. Don’t let the skeptic win

https://www.complianceweek.com/grc-appointments/2us-chief-legal-officer-appointed-cfo/33916.article

2U/edX’s Disastrous Q3: Split with USC, Layoffs, and Pearson’s OPM Portfolio Takeover by Dhawal Shaw for Class Central 2U’s 2023 Q3 results triggered a 50% stock drop. The company is currently valued at below $80 million. 2U drastic stock price... — read more 

https://www.marketwatch.com/story/the-educational-technology-stock-that-went-from-98-to-1-inside-the-2u-debacle-d1cee3a4

Did anyone see the game ball that Chip got yesterday? It's on his Facebook page.

The former Board member with certain friends (Michelle and Barak) is obvious. But what else do you know? Are you talking about the Morehouse deal? If so, I may have someone who is interested. "Tip of the iceberg. What if a certain OPM used a... — read more 

Every day is a feast when you have millions in banks. You operated your company without full transparency and disclosure, your partners were sued because of lack of transparency and disclosure and now they are willing to pay millions to sever their... — read more 

Two questions are puzzling me. Why would 2U take over programs that Pearson (1/2 of the new offerings) offloaded because they were not profitable? And why would USC (40 million) or any school have to pay 2U if 2U is the one breaking with the school? ... — read more 

https://www.classcentral.com/report/2u-edx-disastrous-quarter/

https://www.usatoday.com/story/news/investigations/2023/11/17/2-u-ceo-chip-paucek-usc/71619849007/

Steps to correct your > business-- I promise this will work. Assess Funnel Numbers and Conversions *Talk to Dobbs or the Vice President of Sales (VPS) about the last time they reviewed funnel numbers and conversion rates- within... — read more 

Company call just occurred and it was 12 minutes. 12 minutes with all of leadership lined up in the board room. 4 minutes with Mark talking about how competitive he was and what an a-hole he is to his kids. Nothing said that Paul’s email already... — read more 

12 minutes and I didn’t gain any insight.

SEC filing - 20k/month consulting fee. Public record. For Chippy. What can he possibly consult 2 U about? How to start a spontaneous dance party?!!!!!!!

Paul's email to the company strongly hints at layoffs. As a numbers guy, he will look at employees as expenses that need to be cut. Whether you liked Chip or not he tried to take care of the people and layoffs were hard for him. It won't be with... — read more 

It finally happened. Chip is gone. Paul Lalljie Is being moved from CFO to CEO and Matt Norden is stepping up as CFO (while also remaining CLO). Chip is also off the board too... — read more 

I know we're all stressed, and anxious, and nervous about what's to come. I know many of us are angry and unhappy with current circumstances. Despite all of this, there's no reason to be attacking and name calling on this platform. It helps nobody... — read more 

Do we think leadership knew this was coming when they decided to dress like the purge with fake g-ns for the Halloween call?

https://youtu.be/P-6kCKnXii8?si=jW69UIlt_Tpdr7jH

How many of you are just plain burnt out? You don’t need to say anything else just a number. I just want to see something that’s all. If this is the most burnt out you’ve been in awhile maybe even years pick a letter. If you are though, sending... — read more 

Last minute cancellation. Hmmm.

SE Office Hours magically disappear this week without reason. Hop on the suss bus

In regards to portfolio management. Chip said we are in the final “innings” for exiting degree programs. This is from the Q3 earnings call. It looks like there will be another 49 million coming in from other partnerships dissolving in Q4. Not sure if... — read more 

Yes management mostly su-ks. Yes advisors are not properly trained. In my eyes, the largest problem with bootcamps is that the product is an absolute joke - honestly a borderline scam. Anyone can Google to find reviews of our bootcamps and see that... — read more 

It will be interesting to see if leadership puts their money where their mouth is and starts buying up stock at these levels. If they really feel the future is bright this is their chance to make a pile of money.

Unbelievable- admissions managers were called into a meeting where we were all demeaned by our VP- telling us we need to “be better” despite the fact they’ve been pi----g on us without the courtesy of even calling it rain. During this meeting we then... — read more 

2U could never have gotten off the ground without workers. It could have been a better company if it had been honest with all its workers and if executives had listened to the most ethical and thoughtful workers--instead of marginalizing them and... — read more 

Anyone got any new information?

Has anyone who has recently been laid off been a part of the degree tuition reimbursement program benefit (when the company still offered this)? What happens with repayment, or is this just forgiven? Furthermore, if you leave the company before your... — read more