If you have a tip about fraud and abuse at 2U, consider e-mailing CNBC here: investigations@cnbc.com
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
Strange decisions on who to lay off
Some of the best people are gone and some of the slackers are still here. I guess their brown-nosing paid off.
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
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
Any suggestions on how to look for jobs nowadays?
I've been here for over 10 years, I am not sure what's the best way to hunt for jobs nowadays? Any tips would be appreciated? What companies are hiring?
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
Tuition forgiveness if you leave on your own terms?
If one finished their program (but waiting for the official degree conferral) and thinking it's high time to abort (rocket)ship. Do you think tuition forgiveness applies?
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
Non-Competes after Layoff
Still valid? Anyone know
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
Was really hoping Chip would at least mention if more layoffs were on the horizon and who might be impacted
Anyone have any insight into what the process for the next wave will be for marketing specifically?
Will Chip Cry?
The show starts at 11. Will Chip cry to feign compassion while his bank account serenades him to sleep this evening?
Thinking About the 2U Layoffs
https://www.insidehighered.com/blogs/learning-innovation/thinking-about-2u-layoffs
Republic Report
INVESTIGATING HOW MONEY CORRUPTS DEMOCRACY...tips@republicreport.org... https://www.republicreport.org/
Severance?
Any word on severance yet?
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
HR Emails Sent
HR emails/invites have been sent. Can anyone from 2U attest to which team(s) are being affected?
Jobs at Guild Education?
https://www.guildeducation.com/about-us/careers/open-positions/
“You will be surprised how low we will go.” (not to be taken out of context)
Change the 2U name to Chip's Discount Universities? From the Inside Higher Education article: "Universities that lower the tuition prices of the 180-plus programs they currently run with 2U will share less of the tuition revenue with 2U. Want to... — read more
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
Layoffs Announced
Fu-k Chip
Auntie Cathie
D-mb money...https://seekingalpha.com/article/4523448-cathie-woods-ark-invest-13f-portfolio-q2-2022-update#comments
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
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
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
Ask yourself, where's the value proposition?
How will BYJU, an Indian company, make a profit from a perpetual loser...
Any thoughts on the (OPM) competition?
https://www.highereducationinquirer.org/2022/06/hei-investigation-academic-partnerships.html
"The Private Side of Public Universities: Third-party providers and platform capitalism"
https://escholarship.org/uc/item/7p0114s8
If CP stepped down...
Who would you like to see as the new CEO?