Topics regarding layoffs at 2U Inc.

Topics regarding layoffs at 2U Inc.

I dont care about the reorganization

I keep seeing managers and higher ups trying to focus on the "good" of the reorganization/restructure of the company. How it's good for all of us, and to take care of ourselves but to make sure we're still working while we wait to be let go. I can... — read more 

former employee here...

worked for 2U for just under 3 years... they were on a hiring spree with no end in sight, employing people where they could have improved work and management processes had they listened to people voice their concerns. while work is no rosier in other... — read more 

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Post ID: @OP+1i4r47D1

I'm angry but not at the layoffs

I've thought long and hard about writing on here again and it's been aching at me to get it out. I am angry at the layoffs yes, it's a sh---y situation to sit and wait to hear if you're the next one voted of this toxic island, most of us have kids on... — read more 

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Post ID: @OP+1i3TvAL7

How will 2u treat you now?

It's inevitable that everyone's job here is on the block. Ask yourself this question.. there's been some senior management changes shortly before this news was released. If your department has lost people and they haven't been replaced, who is going... — read more 

Depts. done with layoffs?

Anyone know how true it is for a dept that is told they are done with layoffs? Done for now or do we think it’s for the duration of the restructure?

Chip Paucek

How is he still in charge? If the board wants to instill confidence in the public markets, shouldn't they have a new leader in charge? I can assure you that no one at the company is motivated to "turn things around" while the same speaker system is... — read more 

I don't plan to be here much longer

I know I'm not the only one who's decided they've had enough. I've already started looking and as soon as a moderately attractive opportunity presents itself I'll be gone. I've found ways to convince myself to stay for years despite everything, but... — read more 

VP here (again)

I was told to identify another 20% of candidates for layoffs over the next 6 months. My direct reports will stack & rank their direct reports. I'll do the same with mine direct reports. My boss is doing the same to me, I'm sure. It's not going to be... — read more 

Is 2U going to retreat from OPM business entirely?

From the teams most impacted by layoffs, it seems like the early cuts are deepest in the side of the business that manages OPM deals with universities. I'm just an observer, but given the growing scrutiny of revenue-sharing deals, it would make sense... — read more 

abysmal and mismanaged layoffs

so I guess the teams who experienced heavy layoffs have bene told they're "done" while the rest of us sit here and work for "x" amount of time? this is a joke, cruel and disrespectful. "Free to Degree" isn't about creating opportunities, it's about... — read more 

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Post ID: @OP+1i2ethYV

Will Chip Cry?

The show starts at 11. Will Chip cry to feign compassion while his bank account serenades him to sleep this evening?

Republic Report

INVESTIGATING HOW MONEY CORRUPTS DEMOCRACY...tips@republicreport.org... https://www.republicreport.org/

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| 1230 views | | 7 replies (last August 3, 2022)
Post ID: @OP+1i1tQaNC

Sh---y layoffs and leadership but...

Let's talk about all the other BS 2u serves us. We are depressed, overworked, overwhelmed, treated like cr-p and the list goes on and on. If the answer they are looking for is "yes" and the answer you give is "no, possibly, we'll see and maybe" you... — read more 

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| 1700 views | | 2 replies (last August 2, 2022)
Post ID: @OP+1i193Nhp

HR Emails Sent

HR emails/invites have been sent. Can anyone from 2U attest to which team(s) are being affected?

Let’s be candid, honest, and open

About Chip and his BS leadership lately. Do we think these moves are to make an acquisition easier? Spill your thoughts on his “values” and “guiding principles”

VP here

Chip's team has instructed us to identify 30% of people on my teams for layoffs with a minimum of 20% to be laid off in the first round. More rounds are expected.

This will take months

As much as we might want to have this behind us ASAP, don't think for a second this will be done within a week. We're looking at months of agonizing and stressing over this. They might start with cuts next week but it's clearly stated in several... — read more 

Layoffs

Any rumors on what departments will be most impacted?

More Losses

"Net loss to range from $240 million to $230 million" https://seekingalpha.com/news/3862644-2u-non-gaap-eps-of-010-beats-by-007-revenue-of-2415m-misses-by-1276m-cuts-fy22-guidance

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Post ID: @OP+1hXMKzdW

Auntie Cathie

D-mb money...https://seekingalpha.com/article/4523448-cathie-woods-ark-invest-13f-portfolio-q2-2022-update#comments

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Post ID: @OP+1hNzi6za

2U students "condemned to debt"

Are 2U workers OK with people who are condemned to debt? https://www.condemnedtodebt.org/2022/07/colleges-are-outsourcing-their-teaching.html

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Post ID: @OP+1hFErdc6

WSJ strikes again

https://www-wsj-com.cdn.ampproject.org/c/s/www.wsj.com/amp/articles/that-fancy-university-course-it-might-actually-come-from-an-education-company-11657126489

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| 884 views | | 1 reply (July 8, 2022)
Post ID: @OP+1hANxXt5

Senate HELP

Online Program Management (OPM) Companies.—The Committee is deeply concerned by the proliferation of for-profit OPMs in higher education. Specifically, the Committee is troubled by how tuition-sharing agreements between universities and for-profit... — read more 

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| 1001 views | | 2 replies (last July 1, 2022)
Post ID: @OP+1hv27BJh

BYJU?

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| 750 views | | 2 replies (last June 29, 2022)
Post ID: @OP+1htds8NS

If CP stepped down...

Who would you like to see as the new CEO?

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Post ID: @OP+1h8TJGKp

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