All we see and hear about is the negative press and the sh-t show of leadership in the company!
I am genuinely curious if ANYONE has even a sliver of hope for the future of this company and its employees?
16 replies (most recent on top)
Positive outlook here’s more… HQ now totally closed, stock down to 23 cents, and employees now are being pushed out by making them harder than ever. Ge-z, I am done.
No.
24 cents lulz
The current university contracts still have value, and the fundamental premise behind online higher education/alt cred still holds. However, our balance sheet is a disaster. At this point, with stock trading at 25 cents, it doesn't matter whether we declare bankruptcy. Remember, Chapter 11 is a reorganization, not a business liquidation. But getting from here to there su-ks, and will su-k even more before this is over.
I personally hated the company meeting, booze and frat parties. It made me feel so out of place because it wasn’t my thing. I did fall for the “mission” for a while though. I really thought I was helping people have better access to education. Others around me, my team, seemed to be deep in the koolaid. I never felt like I could be honest about the bullsh-t going on because no one wanted to hear it and that I was the problem. I hope others, including myself, have since learned the importance of genuinely supporting their coworkers rather than isolating them when they don’t fit the mold. Finding this forum has been very healing for me in that I no longer believe that I was an outcast, or alone with all the discrimination that I felt throughout my time at the company. It turns out many others felt exactly the way I did. Of course it is unfortunate and sad that so many others experienced similar things but I really questioned my sanity at times.
Chip is a serial entrepreneur who sells a vision, builds it with glue and popsicle sticks and a dash of glitter and then dips when he proves ineffectual...he did it with his first education company, he did it with 2U and it'll probably happen with his new venture. Maybe we can scrape the coke residue off his old desk and flip that to pad our salaries. How is this man still getting what takes most of us a quarter to earn in a month? What special advisor role is he actually filling while developing his new pet project in what looks like Florida. If he does a hat trick with PAC he might give Adam Neumann a run for his money. We also need to check ourselves...back when everyone was getting free Chucks, booze and 20 min Diana Ross concerts, the kool aid was fine. Everyone was swan diving into it. Let's be grown ups. 2U is a corporation...it always was and when the fairy tale ended they started treating us as what they truly us as...capital...labor...human resources. If nothing else, I hope we learned our lesson about the corporate world. The market and shareholders are indifferent to our feelings. We were happy with lip service around mission while we party our as--s off with student debt dollars. Bushy tailed babies thought dance parties and Friday afternoon frat parties (admittedly with much better beer) meant something more than Chip getting a chance to stay young and hang out with Michelle Obama and Common. I at least appreciate Paul laying things out without needing to sell me something each time he's delivering sh---y news.
This is like being up to your chin in quicksand and asking if there's a sliver of hope as it reaches your lips.
What we're experiencing right now are corporate pirates, led by the top 4, who are looting the place for the remainder of all its worth!
Buy gold
And to speculate buy gold and silver miners
The system is rigged and the only way to beat them is to sell the fiat dollar and buy gold.
Gold is a highly liquid asset, which is no one’s liability, carries no credit risk, and is scarce, historically preserving its value over time.
Don't let them cheat and win. We can beat them at their own game.
I was hopeful based on current contracts etc until last week- bc I think once our partners catch up with the latest bonuses and then start seeing the teams they work with every day dwindle as people leave for elsewhere and don’t get backfilled. I get how it’s important to debt refinancing to keep the “top 4” around - but I don’t think partners will feel good about this and if they start to doubt leadership we are sc--wed (degree side).
You’re being delusional at this point. Please start accepting reality.
Positive outlooks? Let’s see… c Suite appoints themselves to HUGE retention bonuses while the employees that drive profitability get short changed, HQ will close all floors except 2. Gym at HQ will close along with the cafeteria ( limited), the stock is at 34 cents as of this morning, the moral is in the toilet, and management is driving employees like they are donkeys that need to get deliveries done. The bottom line start treating your employees with more respect, stop gas lighting and stop lying to us.
It's entirely dependant on refinancing the debt. That's the only thing that matters in the short term.
If it gets done there's a fighting chance but it's going to take years to turn things completely around if they even can be.
I'm positive that we will file for bankruptcy, and be sold off piece by piece.
Yes. The company has been mismanaged financially with a lot of wasteful spending for a long time. Paul has done a great job of cleaning that up and will be seen going forward.
Nope.