Topics regarding layoffs at 2U Inc.

Topics regarding layoffs at 2U Inc.

Things are WAY worse than you think.

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 

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| 2110 views | | 6 replies (last October 9, 2022)
Post ID: @OP+1iQkkndJ

Anyone finding LHH outplacement services helpful?

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 

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| 1850 views | | 4 replies (last September 28, 2022)
Post ID: @OP+1iGr22oS

Not laid off but wish I was

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 

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| 2270 views | | 4 replies (last September 7, 2022)
Post ID: @OP+1izA9vMU

2u delisting?

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

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| 1630 views | | 2 replies (last September 4, 2022)
Post ID: @OP+1iyM25z7

2U Share Price is $7.01. BYJUs SPAC IPO.

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 

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| 1603 views | | no replies yet
Post ID: @OP+1ixQOs87

UNIONIZE!

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.

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| 1220 views | | 2 replies (last September 3, 2022)
Post ID: @OP+1iw3UiF3

Defense to Repayment (aka Borrower Defense)

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 

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| 1650 views | | 9 replies (last September 4, 2022)
Post ID: @OP+1iuyNymN

Diversity -- Equity -- Inclusion -- Oh My!

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 

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| 1920 views | | 8 replies (last September 2, 2022)
Post ID: @OP+1iusHg4D

Employee productivity monitoring

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.

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| 1253 views | | 1 reply (September 9, 2022)
Post ID: @OP+1iufWxqn

SVP Update

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.

Severance

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

Creative layoff

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 

Pompt G-suite Cutoff

barely able to message anyone about my departure. Kind of insensitive - esp given company chat was nixed. Best wishes to all of those affected.

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| 1094 views | | 1 reply (August 30, 2022)
Post ID: @OP+1it5UqY4

quiet getting laid off

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?

Who are the affected teams?

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.

Severence

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 

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| 1390 views | | 1 reply (August 30, 2022)
Post ID: @OP+1it4AT7c

Will this be the last round in the US?

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 

SVP Here

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.

The Party is Over...

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 

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| 1720 views | | 3 replies (last August 30, 2022)
Post ID: @OP+1ippbtkN

Laptop

Does anyone know if they're letting us keep our laptops if we get laid off?

Marketing Layoffs

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

Currently in a degree program, worried about layoffs

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 

2U (TWOU) Share Price

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

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| 1100 views | | 4 replies (last August 26, 2022)
Post ID: @OP+1ihyWcpU

Software maker?

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 

"Remote Employees Can Bring Class Action Under The WARN Act"

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

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| 990 views | | no replies yet
Post ID: @OP+1if0CMVp

How many over 40?

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?

The anticipation is the worst

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 

Next round?

Any updates as to when the next layoffs will occur?

Noodle is hiring

https://www.linkedin.com/posts/noodleeducation_techjobs-hiring-highered-activity-6959890751107334144-ODTX?utm_source=linkedin_share&utm_medium=android_app

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| 2880 views | | 6 replies (last August 25, 2022)
Post ID: @OP+1i50HJDI

Waiting for package

2U has become a company where most employees are waiting to be paid to leave. Morale is almost zero. Almost everyone I spoke to told me that the severance pay is now the only thing that is still keeping them here for a while longer. Isn't that a... — read more 

Energy level on zero

Let's be honest here... It's been an extremely challenging 2 years, the pandemic was very emotionally taxing, we all lost someone close to us, living expenses climbing and now this potential head chopping. Can we slow down for like a second so I can... — read more 

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| 1480 views | | 1 reply (August 5, 2022)
Post ID: @OP+1i4XArQk

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