https://seekingalpha.com/article/4644228-2u-stock-strained-balance-sheet-major-restructuring-needed-sell
The stock hit $1.89 today... how long until more layoffs? Can someone put all the execs on a PIP?
16 replies (most recent on top)
To get on a PIP you’d have to have HR buy-in and it’s all too apparent they are in bed with them. Worst, most foolish liars in the company, aside from CP.
Post ID: @1bbs+1piguhuS
Really?! CFO Paul has had plenty of time to to brilliantly raise money and restructure debt!
Chip once again is MIA. Too busy flaunting his wealth in his Dolphins box seats and promoting his new company for the NFL players! And, by the way, this new venture must have taken a whole lot of time away from working on 2U, regardless of his claims to the contrary.
Naaaaah! They know less now than they did in '08. We're a billion % sure if this fact!
Nows the company's chance to start fresh, and help people for real. They have a shot to do some good now !
Now that we know, the rest of us can start a " free Paul Go Fund Me."
Don't worry Paul, we'll help get you outta this!
No offense to Paul (I guess?) after all, this is chip's company. But then.......,who was actually responsible for burying the company in nearly One BILLION in debt?
What's the new plan, $2billion?
Post ID: @1bbs+1piguhuS, by "restructuring" you're really saying 'Many more layoffs to come?!?'
Theres a bridge @ my home that I'd like to sell to Anyone foolish enough to dump more cash into this dead and bug infested place. Lol - Can't wait to see what ol' Paul comes up with.
Fortunately for those of us still with the company we have a fantastic CFO in Paul who is brilliant at raising money and restructuring debt.
Yet, there he went... blowing through money in ways that will never make sense!
Why did you open all of those offices, vs a primarily remote work environment? You could have dedicated a small fraction of those operating cost (prime rental fees/electricity/security/heating and air/snacks/taxes/crew/food vendors.....) and instead - invested it in professional management and remote management training to help ensure the very best outcomes were produced.
Why the annual company meetings ( flights/transportation/hotels/hospitality/food/expensive swag/highly paid celebrity appearances-that had no relevance to the field of "Ed tech") when you could have taken a fraction of the per person costs and provide an annual COLA adjustment to employees. Those events were positively worthle$$!
Now, more than ever, it seems clear that your primary goal was to feel like a king and rockstar. Do you even care about the feelings of those who were laid off as a result of your gross mismanagement? Or those still here, who are on pins and needles?
But to be fair, I wonder how many are wondering how you're feeling about the nearly billion in debt you owe, as the calendar closes in on the next 25 months or so?
Hopefully this company can come back and actually start helping people from now on
@fej+1piguhuS more layoffs. costs a lot to heat those mansions in winter.
“The deficiency here weighs heavily on the US$165.3m company itself, as if a child were struggling under the weight of an enormous back-pack full of books, his sports gear, and a trumpet.”
https://simplywall.st/stocks/us/consumer-services/nasdaq-twou/2u/news/health-check-how-prudently-does-2u-nasdaqtwou-use-debt-1
“With over $750 million in debt due in early 2025, 2U needs a major debt restructuring or a potential acquisition to stay afloat.“
Any idea on how this will be addressed?
- 88 - slide baby slide