Another case of unrealistic expectations... https://www.theassemblync.com/education/higher-education/unc-online-education/
2U is shutting down April 15th.
2U is shutting down HQ on or before April 15th, 2024 and moving to a tiny office in Virginia. No one will be allowed back into the building. Most things are being moved into storage or liquidated.
Former Trilogy folks, how do you list your employment on a background check?
So, after being laid off, I finally landed a role. But I am worried about the background check. When I started, I started with Trilogy and at some point (don't remember the exact date) my paychecks started to say 2U. In addition, when I look back... — read more
2U At Risk of Being Removed From Nasdaq
https://www.highereddive.com/news/2u-at-risk-of-being-removed-from-nasdaq/710606/
Bonuses
Has anyone heard an update on bonuses?
Consistently depressed and ill due to all the layoffs
This company's unending cycles of layoffs are making me physically and emotionally ill. I have found myself utterly unable to work due to the emotional and physical stress this is causing me. ...And I'm one of the lucky ones, I realize, in that I... — read more
Delisting warning should be out soon...
This is where to look for the delisting warning from NASDAQ. Should be out soon. Share price is 37 cents, nowhere close to the $1 threshold. https://www.sec.gov/edgar/browse/?CIK=1459417&owner=exclude
Dobbs departure
Is this just a coincidence in timing, or did Dobbs get laid off and trying to hide that fact?
IMPORTANT FINANCIAL NEWS
https://www.fec.gov/bullsh-tlink this is an anonymous board, you aren't cool when you're cryptic, use your fu--ing words when you post random documents you obtuse loser(s)
F**e sale
https://www.sec.gov/Archives/edgar/data/1459417/000119312524060013/d672530dposasr.htm
F*ck it, 2Union
2U continues to hire more and more management bloat while laying off the workers who actually do work. Paul, Matt, Aaron, Andrew, Virginia, and now Matt D, etc, have all received promotions and pay increases despite (because of?) multiple rounds of... — read more
New email about consortium bootcamps
Dear Educators, I hope this note finds you doing well. As we navigate the ever-evolving landscape of online boot camps, it's crucial we share an update on our path forward. Over the last year, we've seen a decrease in search demand and enrollments... — read more
All Call
I have no idea how I'm supposed to stay motivated here. That call has left me thinking there is no reason to bend over backwards anymore. I can't get a raise, bonus or promotion. The leads are flooding in and my team can't keep up. I think the... — read more
Might need to start de*****ing the evidence...
FTC might be all over this... https://support.edx.org/hc/en-us/articles/4412765514135-Do-Boot-Camps-offer-job-placement-or-coaching-Does-a-Boot-Camp-guarantee-me-a-job
Insensitivity in Leadership
Reflecting on AH's Recent Communication Blunder In today's dynamic workplace landscape, effective leadership goes hand in hand with empathy, sensitivity, and an acute awareness of the emotional pulse of the team. However, a recent incident involving... — read more
Already looking for another job
All the signals are there. It’s time to leave this place. Many of us are not satisfied with our jobs, the work environment is, to put it mildly, unpleasant, and pay is not exactly worth it. From now on, we can expect only more cuts and layoffs, more... — read more
Rumors swirling that Bootcamp layoffs are happening today?
Anyone get HR meeting notification?
Clock is ticking
Very soon our stock will have been below a dollar for 30 consecutive days. Sh!t is about to hit the fan.
"Harvard Held the Future of Education in Its Hands. Then We Sold It."
https://www.thecrimson.com/article/2024/2/23/climaco-harvard-edx-education-sold/
Interview with Andrew
"First, let me emphasize that there is a lot to be confident and excited about when working with 2U." https://www.insidehighered.com/opinion/blogs/learning-innovation/2024/02/23/three-questions-2us-andrew-hermalyn
Don’t bite the hand that feeds you!
Ok this is not going to be popular, but if you are still with 2U, STOP Complaining! You are still getting a pay check and benefits. Instead of biting the hand that feeds you, Work to help make this company make it or get out. PERIOD.
edX brand is down the tubes
Anyone who thinks they can get way with saying they worked for edX, and didn't work for edX before the acquisition--actually building edX--is doing the same deception that 2U is known for its fraud with USC. 2U destroyed edX by trying to make a... — read more
Tied down to contract
I don't know how many others are in the same boat, but I am still legally tied to 2U because they paid for my graduate degree. I have almost a year left until I can leave. Anyone have any insight on what would happen if I chose to leave before the... — read more
April Promotions
I take it they aren’t happening? Is there even a point in staying on this sinking ship?
Heads up
We have an all company meeting next week, sometimes layoffs are scheduled before, the day of, or shortly after these kinds of meetings, sometimes even in these meetings depending on the company. It might be worth it to you to look at the calendar of... — read more
Adjusted EBITDA
we beat the 2023 target. Does this mean bonuses?
China Hustle
Ambow (AMBO) has twice the market cap of 2U. And their headquarters is a closet in Cupertino.
Mo--n or conman?
Why did Chip buy edX? Because he was a total id--t or because he needed another year or two to pump the stock until he could bail out. JK says Chip is just a mo--n. Not sure I buy it. Personally I think it was number 2, and that someone should... — read more
And now for something completely different...
CHIP WADDINGTON, 30s, sits behind a massive, mahogany desk adorned with a golden bust of himself. Stacks of money tower beside him like a modern-day Midas. He wears a Hawaiian shirt and flip-flops despite the air conditioning blasting arctic... — read more
Quick question
Does anyone in Boston work for edX anymore? Or did that end with consolidation?
Leave 2U
There's no future here. Your career will be better served anywhere but here. After too many years spent here I find the whole interviewing process rather daunting, but even I have pushed through and now I'm trying to find something. This place will... — read more
Anybody going to ASU-GSV?
Here comes the sun... https://web.cvent.com/event/e57e22e7-3263-467c-9ebd-22d4f0e3fcdd/summary?rt=QkeQKleZzkmOcPyWUF5Tag
Scenarios
Clock is ticking on the delisting warning. What are the options for the brass? (1) Wait and pray. It takes another 6 months+ after a delisting warning that things get serious. And then they can do a reverse stock split to inflate the price. Could... — read more
Sigh
I still have Chip on my Facebook. He looks happier than ever; posting pics from Dubai. He has not a care in the world. I remember when he cried talking about having to lay people off at one of his last companies. He said it was the hardest thing he... — read more
What private equity could do to 2U
Sweet dreams...https://darknetdiaries.com/episode/142/
Here’s how ed-tech company 2U spiraled from $5 billion to ‘going concern’
Ruh roh... https://www.cnbc.com/2024/02/15/2u-earnings-miss-adds-pressure-to-debt-rankled-online-education-firm.html
To Chip Paucek: Ollie said to Stan many times: “This is a fine mess you've gotten us into.”
To Chip Paucek: Ollie said to Stan many times: “This is a fine mess you've gotten us into.” https://www.insidehighered.com/news/tech-innovation/teaching-learning/2024/02/15/online-course-provider-2u-questions-future-amid
Online Course Provider 2U Faces Doubts It Can Continue (Inside Higher Ed)
Funny, no mention of short sellers... https://www.insidehighered.com/news/tech-innovation/teaching-learning/2024/02/15/online-course-provider-2u-questions-future-amid
The Netflix series
Working on a pilot for the 2U story, called F*. Dark comedy with lots of background music. Like Billions, but not as highbrow (fewer allusions). Not as lowbrow as Animal House. The first year JK bribes a big university, SCU, then hires Chip... — read more