Thread regarding 2U Inc. layoffs

Paul's email....

Thoughts?

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| 1701 views | | 18 replies (last February 18, 2024) | Reply
Post ID: @OP+1r3Xs8Lc

18 replies (most recent on top)

There needs to be a meme where Paul and the rest of the executive team are blaming Chip just to look in the mirror and realize they are Chip.

So executives who could apparently not lead their own organizations under Chip, where is the actual plan other then "balance the sheet"? Because it seems to be the same old plan with a lot more layoffs.

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Post ID: @5gxg+1r3Xs8Lc

Thank you for posting!

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Post ID: @3eee+1r3Xs8Lc

“ Good afternoon team! We had our earnings call last evening and delivered our message. Matt was awesome and the team did a great job preparing us. A few things occurred to me after the call that I wanted to relay to all of you. 1) No matter what results or guidance we reported, the narrative would have been the same—we need to fix the balance sheet. 2) Yesterday reflects the sins of our past. Today: we focus on the virtues of our future. Our focus is on delivering. Our main priority now is to deliver on the plan we shared with our board. This will help us establish our credibility both internally and externally. We have already taken our medicine, and it's time to push ahead. I believe in our ability to succeed, and I'm more confident now than I was on November 20, 2023 (and with even more conviction).”

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Post ID: @3uga+1r3Xs8Lc

Still would love to see this....

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Post ID: @3lpg+1r3Xs8Lc

What did the slack message say?

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Post ID: @1nfz+1r3Xs8Lc

IT WAS NOT AN EMAIL. IT WAS A SLACK MESSAGE.

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Post ID: @1lih+1r3Xs8Lc

@1etw+1r3Xs8Lc

https://youtu.be/Gd6aLnPHqeE?si=m8ckz5PQGNTf3wi7

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Post ID: @1tuv+1r3Xs8Lc

Can someone please post?

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Post ID: @1tvc+1r3Xs8Lc

What else was he going to say, "This is a sinking ship, everybody panic?" It was a fine sentiment and I dug the little shot at Chip (not the first time I've seen him do that) but it hardly fills me with confidence about the future.

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Post ID: @1etw+1r3Xs8Lc

This company is epic joke now. Current make shift leadership (no pun intended) cannot turn this company around. If anyone thinks otherwise, would love to hear how. Feel really bad for the lenders, bag (share) holders and employees who are not ready to see the bankruptcy writing on the wall.

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Post ID: @dkk+1r3Xs8Lc

Could someone share the message

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Post ID: @lna+1r3Xs8Lc

Bankruptcy/non survival headlines when you look up 2u after yesterday’s call. Thoughts?

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Post ID: @yez+1r3Xs8Lc

Just a spin, the narrative would not have been the same if results were different.

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Post ID: @euh+1r3Xs8Lc

Slack

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Post ID: @clk+1r3Xs8Lc

Are you referring to the slack message we all got in the 2U channel or an actual email?

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Post ID: @suf+1r3Xs8Lc

Haven’t gotten anything

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Post ID: @ezn+1r3Xs8Lc

I don’t have anything either…

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Post ID: @pke+1r3Xs8Lc

Can you share the text? If it's recent, I have not received it.

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Post ID: @nrr+1r3Xs8Lc

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