Thread regarding 2U Inc. layoffs

Current Employee Sentiments

With all the talk surrounding stock price this, value that, I'm curious if any current employees see themselves here for the long haul. I know things are very siloed and different departments see things through different lenses so I'd like to hear viewpoints from folks outside of student facing roles

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| 2311 views | | 24 replies (last September 29, 2023) | Reply
Post ID: @OP+1otBkTkp

24 replies (most recent on top)

The post below aged like fine wine (/s) : "Love how someone says layoffs are coming. Snakes in the grass. Rumor mill. None is good, have fun generating anxiety. If you are unhappy now, leave." Wanna take that back now?

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Post ID: @naye+1otBkTkp

I work in tech. Been here almost a decade now. This is not the same company I started with by any measure. I've lost more and more respect for leadership and the company in the last 3 years especially. Majority of my colleagues in the same role were cut yesterday and we have been largely untouched in the last rounds of layoffs. We are expected to take on more and more projects with tighter deadlines but with less people to do the work every year. I'm still here because from where I sit, until yesterday, I was fairly comfortable. I know the pay is likely better outside of here, and the perks are a joke, but I certainly will be starting to punch up my resume and look at what's out there and get out sooner than later. The writing is on the wall now more than ever. Whatever quality that was left in this place is gone in my eyes now. I've lost my last ounce of respect for this company.

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Post ID: @nmxn+1otBkTkp

I'm in tech, been here for 5 years. Mostly positive experience, although I admit that there is a huge lack of leadership and vision. But I like the people I work with and the rank and file is, largely, competent and everyone does their job.

Tech and Tech Product have not been touched in any significant way in the last 3 rounds of large layoffs, so I don't have perspective. It doesn't surprise me that the employees nearer to the top of the funnel are unhappy.

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Post ID: @mwfu+1otBkTkp

$2.35

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Post ID: @hgus+1otBkTkp

It seems "folks" are spending their days being forced to multitask. .Do their jobs and keep an eye on the condition of their declining company - since "leadership" doesn't seem to be doing anything to address the condition of this place (nor is there any level of transparency to be found).

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Post ID: @hlxn+1otBkTkp

Hate to say it. Idk what some folks do all day

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Post ID: @hkck+1otBkTkp

$2.67

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Post ID: @eilj+1otBkTkp

Mismanagement + Stock Vaporizations = Bankruptcy

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Post ID: @dwlz+1otBkTkp

LOL 2.80 after hours.

I was at 2U for over 5 years. I don’t understand what’s with the stock. Every week it was “new program” this and “new boot camp” that.

Business is growing but not the value of the company? I guess I don’t understand the business.

Anyways, after 5 years here’s what I gathered. 2U is a safe space for employees, as in they really have little risk of losing their job. Compensation was good and benefits were stellar. Why would anyone leave?

No one left but promotions kept happening. All of a sudden you have too many directors and managers and not enough people to manage. So, they do internal shifts but people don’t leave.

A layoff would be awesome, but maybe bankruptcy comes first.

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Post ID: @dtkj+1otBkTkp

Funny how upset some seem when reality is presented. Stock is not 2.99 - it's now 2.88 ( ouch).
It seems as though the lazy ones are @ leadership who continue to not take any ax to actually lead the org. Those are the lazy (and privileged acting) ones who need to leave - because you're the root of the "unhappy" atmosphere.

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Post ID: @cjcr+1otBkTkp

Weird, the two messages below attacking workers who think the company is struggling, perhaps because the stock price has fallen 96% over five years, were posted two minutes apart. Definitely not an insecure CEO or one of his execs! Just kidding, of course -- they're too busy keeping up appearances on LinkedIn & Twitter and certainly wouldn't waste their valuable here...

"Love how someone says layoffs are coming. Snakes in the grass. Rumor mill. None is good, have fun generating anxiety. If you are unhappy now, leave."

"People are leaving because they are lazy and hate being held accountable"

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Post ID: @cyia+1otBkTkp

I mean with the stock price, layoffs are inevitable. This company is all about pleasing the investors, regardless of what it does internally.

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Post ID: @8gce+1otBkTkp

2u stock 2.99

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Post ID: @8qbv+1otBkTkp

No one is leaving because they are lazy and don’t want to be held accountable! That’s absurd. They are leaving for the opposite reason. They have worked hard and they don’t see any upward mobility that they have worked so hard for. Instead of promotions the company is just shuffling people around. Employees are sick of the micromanaging and not being felt valued by the company. At this time 2u is just throwing spaghetti at the wall and seeing what sticks!

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Post ID: @8cfm+1otBkTkp

Time to wake up and look for a new job!

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Post ID: @8arz+1otBkTkp

Yawn.

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Post ID: @8fqj+1otBkTkp

Is it even possible for the hordes of people leaving to All be lazy and adverse to being held accountable in their approach to work?

Nope.

Y'all gotta watch that kool-aid laced with sour grape mixture you're chuggin.

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Post ID: @7upb+1otBkTkp

People are leaving because they are lazy and hate being held accountable

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Post ID: @7mlb+1otBkTkp

Love how someone says layoffs are coming. Snakes in the grass. Rumor mill. None is good, have fun generating anxiety. If you are unhappy now, leave.

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Post ID: @7wkf+1otBkTkp

There will be more layoffs coming. The smartest thing you can do right now is watch your own back and start looking for better opportunities. There is a good reason why the most talented are leaving the company. I am not a hater and certainly would like to see 2U succeed, however, just like 2U, does not owe me anything I don't owe anything to 2U either.

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Post ID: @5mny+1otBkTkp

Everyone I know is looking and interviewing elsewhere.

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Post ID: @3zrv+1otBkTkp

All I know is good people keep leaving. The attrition is crazy. I’m looking too because I don’t feel like this is a stable situation.

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Post ID: @2qhk+1otBkTkp

Spot on!

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Post ID: @2ikc+1otBkTkp

Never good when a company's CEO starts talking about misinformation, haters, and government regulation hurting the business, when the stock price has tanked under their stewardship...

Trashing ed tech platform companies for years before pivoting years too late...yikes. The board must be a good ol' boys club.

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Post ID: @2fhg+1otBkTkp

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