If the stock gets delisted, I understand any stock already owned is sc--wed, but what happens to the current funds waiting for the next purchase period?
Why would any school want to do business with 2U right now?
I am wondering why any school would want to sign up to do buisness with 2U knowing that the company is on life support? Why would the newest school that came onboard, that we took over from Pearson, want to stay? They are taking a very unstable... — read more
For students and boot camp learners
What happens to their debt or tuition responsibility/payment if 2u goes under and programs can no longer operate?
I’m (oddly) at peace.
It’s pretty clear this business is done… which is what it is. I’m probably coming from a place of privilege but I am at peace. I will continue to do my job and what is expected of me, but not go above and beyond, while looking for my next move... — read more
Paul's email....
Thoughts?
Songs to party to!
https://www.youtube.com/watch?v=Z5QLbnfFWg0 https://www.youtube.com/watch?v=_3eC35LoF4U https://www.youtube.com/watch?v=R7jW8_2Us5c https://www.youtube.com/watch?v=-RP19fnff_c
Earnings Call Transcript
Read it for yourself. Still no 10K. https://seekingalpha.com/article/4669627-2u-inc-twou-q4-2023-earnings-call-transcript
10K?
Where is the Annual Report (10K)? https://www.sec.gov/edgar/browse/?CIK=1459417&owner=exclude
"Shrink to grow mindset"
Did I just hear that? "12 quarter journey? "radical transparency"? Using AI for lead generation? "Offshoring when appropriate" "culture of curiosity" "reduce expenses"
Up to 92 cents then back to 77 cents after hours
https://seekingalpha.com/symbol/TWOU
Any guilt here?
Any thoughts that the edugrift at 2U has damaged people's lives? Sure there may be anecdotes of successes that provide comfort. Any these folks were adults. But was there any deception of others, self-deception? ... — read more
Negative performance reviews
For those left behind after the most recent layoffs, have you received unsubstantiated negative performance feedback with threats of a PIP?
Earnings numbers?
2U could have reported their numbers ahead of earnings call. The fact that they haven't is not a good sign.
What is the vision for the future?
We have had layoffs, reorganization of teams and verticals, and yet we have not been given a clear path or a vision for the future. As far as the degree side, nothing has changed. Other than teams spread out thin. Where is leadership? “ We are going... — read more
Earnings Call February 12
https://investor.2u.com/news-and-events/events-and-presentations/default.aspx
Burnt. Out.
I am so burnt out here I don’t even have energy to job hunt after work. Any motivational tips? Aside from unemployment threat and starvation? lol
Laid Off Employees or Those Who Quit - Where did you land after 2u?
Spreading some hope for the anxious folks. I was laid off in September. Two months later, I got a new job and a 20k pay bump. Took a little bit of grinding but 2u feels like a bad dream now. Any other stories?
Vultures are circling
Point72?
Friendly reminder…
Even if HR tracks you down for commenting on this board, you still have a federally protected right to discuss work conditions as long as you’re being honest and not divulging proprietary information or engaging in insider training. Do your own... — read more
2U has always treated teaching assistants, graders, and other part-timers poorly
I started as a TA and then went full-time. I distinctly remember a meeting after going full-time where we were asked to brainstorm ways to help TAs "move on" and not consider their roles permanent employment. That was back in 2020 or so. Back then... — read more
Getting weird vague warnings?
Has anyone else been getting really vague warnings about doing your job right and staying ethical? It’s never directed at anyone specific on my team, it has just felt ominous the last few months with these vague threats of immediate termination for... — read more
What were the pivotal moments for you on this parabolic journey?
I've got no insight on where this thing is going, but I'm just curious... I came to 2U in 2017 when we were on a rocketship to the moon. 2U acquired GetSmarter, my department was hiring like crazy, the stock hit $100, and 2U was paying Michelle... — read more
What happens if private equity acquires 2U?
Here's a hint, SS... https://academic.oup.com/rfs/article-abstract/33/9/4024/5602331?redirectedFrom=fulltext
What does the reorg mean for SS?
Anyone have thoughts on what this reorg they sent cryptic emails about this week could mean for Student Success? I can't help but think that their talk of going back to basics and a heavy focus on efficiency might mean that the coaching aspect of SS... — read more
The virtual "you're being escorted out" did not go as they had hoped
I've heard from many leaders that were let go that they were not allowed to tell their teams that they were leaving when the layoff happened, that their access would be cutoff at the end of the HR meeting. IT wasn't moving fast enough, and from what... — read more
Calling for the Resignation of the Executive Team
Where's the accountability for the following execs responsible for driving this business in the ground! Any other employees with this performance would be fired!! Brad Adams John Dobbertin Andy Morgan Andrew Hermalyn (recently promoted!!) Hey thanks... — read more
The amount of stock chip sold since the IPO is worth more than the entire company now
Sold more than $62 million. Now the company’s worth less than $62 million. https://www.benzinga.com/sec/insider-trades/twou/christopher-paucek
Need advise on 2u stock
I need some advice. Should I sell or hold the 2U stock that I have now even though I bought at a higher price. I have about 1500 shares that I bought, foolishly , through the stock option plan between $25-$38 at the time. So obviously, lost a lot... — read more
What’s keeping u from leaving?
2U as you once knew it is GONE. Advice… spend time on your resume, your linkedin profile, a few projects you can showcase, put your name out there. The remaining management is done. They are looking for other opportunities and will fly as soon as... — read more
Can the bondholders short the stock?
People are saying the bondholders are shorting the stock as a hedge against the $800M in debt. It seems like that would be considered insider trading since they have knowledge of the refinancing negotiations. The company is held hostage by the... — read more
No more layoffs - until when?
Let's be real here, anybody who thinks he or she is safe now is incredibly naive. Yes, this round might be over, but all that means is that we'll get a few weeks if unlucky, and a few months if lucky to relax before the next round hits. We're past... — read more
Exploring Interest in Unionizing – Your Thoughts?
What a rough week. I've been thinking about the collective voice we have as employees and the potential benefits of forming a union. I'm curious to know if any of you have considered the idea of unionizing and your thoughts on it. This is a topic... — read more
What's gonna happen if we don't accept the severance package?
Do you think there is a possibility of negotiating (ha ha I loled when I typed this word out)?
Understaffing is Effecting Our Team
in sept, our team went was cut in half, our manager was let go and replaced with a manager who is spread way too thin across multiple teams. we get hundreds of leads a day, and it's pretty much impossible to get through them all, much less give them... — read more
.79
Getting laid off is not ideal but getting some type of severance would be better than closing up shop as this place goes under with no type of compensation when let go. The market clearly doesn’t find us viable. It’s over.
CEO’s of company’s generating billions in profit get paid less than 2U execs…
Where is this elusive platform strategy? Layoffs are a temporary solution… it doesn’t address the real problem here. When you appoint a CFO as a CEO you assume big changes are coming. Yet he repeats the actions of his predecessor. Weeks away from the... — read more
Average age of laid off people
Is it leaning towards older once again?
How long will the reprieve last?
I wish I could relax now that it's over but I can't. Knowing that it's just a matter of time before more layoffs are announced is making it impossible for me to just "turn off" stressing. All I can think about is that, yes, I made it this time, but... — read more
"Indian Company Upgrad Education to Acquire Udacity for $80 Million, According to Local Media"
https://iblnews.org/indian-upgrad-education-to-acquire-udacity-for-80-million-according-to-local-media/