When are the next layoffs happening? Assume sooner than later as it seems like a lot of over staffing still in play!!!
Not taking the okie-doke
TWOU shares at $6.05 and falling. TWOU's market cap is at an all time low: $16.97M. That's from an all-time high of $5.43B on May 30, 2018. Meanwhile Chip gets to ring the bell again. https://companiesmarketcap.com/2u/marketcap/
Chip rang the bell again...
"Pro Athlete Community visits the Nasdaq MarketSite in Times Square. By delivering elite-level education, experiences, mentorship, and community, PAC's mission is to empower professional athletes to relentlessly pursue what's next. In honor of the... — read more
Not A Student Response Site
Please remember that this platform is for employees and former employees of this company to discuss company concerns. This is not for disgruntled customers, in this case students. You have every right to create a site and petition and voice your... — read more
Reasons for 1-to-30 reverse split
2U, Inc. is implementing a 1-for-30 reverse stock split to increase its per-share market price and meet Nasdaq's minimum bid price requirement for continued listing on the Nasdaq Global Select Market[1][2][3][4]. The reverse split will consolidate... — read more
HurricaneTWOU.com: Digital Protest Exposes Syracuse, USC, Pepperdine, and University of North Carolina in 2U edX Edugrift
https://www.highereducationinquirer.org/2024/06/hurricane-2u-digital-protest-exposes.html
1 for 30 split
https://finance.yahoo.com/news/2u-announces-1-30-reverse-200500474.html
It gets worse...
UC Berkeley named... https://www.auditor.ca.gov/reports/2023-106-recommendation/
Retention bonus?
Weren’t we supposed to get a retention bonus this month? I’ve seen no update since Apr 3 emails.
Metric requirement increases
Leadership in degree have made it pretty clear that metric requirements are going to increase for ICs. It’s a bit unclear how exactly they can force that, they hinted at possible increases but we have already been told no increases. So, can they... — read more
US Employee Count
Does a HR anon want to disclose how many US employees remain?
Internal Email Reveals Colleges Frustrations with 2U
https://www.chronicle.com/article/not-how-you-treat-long-term-partners-internal-email-reveals-colleges-frustrations-with-2u
Everyone quitting
Everyone one around me is quitting. Some that don't even have another job lined up. Which unfortunately I can't afford to do. I'm curious, for anyone else seeing overwhelming attrition on your teams, is anyone getting promoted/replaced or is more... — read more
Chip if you’re reading this and I know you are
Go fu-k yourself
Bootcamps.
How are bootcamps doing?
voluntary layoff
Do you think this will ever be possible?
Is Metric Manipulation used to avoid severance
I have heard from multiple individuals now that they are being investigated for ‘metric manipulation’. What is being manipulated? What kind of culture has this company created? An insider insight is appreciated.
People laid off in tuition period
Going off the posts a few weeks ago, if anyone was laid off and had time remaining on their tuition obligation did HR mention this at all during the meeting ?
Paul, Matt, Andrew, and Aaron will receive $1,246,750 in bonuses in 2.5 weeks
That's it. That's the post.
In other news…
https://feweek.co.uk/us-ed-tech-giant-exits-bootcamps-after-raking-in-5m/
Today’s Layoffs- Who’s been impacted?
HRBP have 20 min times on their calendars… post here which teams have been impacted.
Yup
https://www.morningstar.com/news/business-wire/20240515817170/the-law-offices-of-frank-r-cruz-announces-investigation-of-2u-inc-twou-on-behalf-of-investors
What do certain positions do?
What would you say you do here? SE directors Learning and development team SSAs placement
It’s been very quiet. Time for leadership to give us an update.
It’s been very quiet since the c suite was called out for their bonuses and it’s time to give us an update. Anyone out there have any news on next round of layoffs. Sensing it’s around the corner.
Jobs at Risepoint?
Has anyone tried Risepoint?
WSJ coverage today
The Long, Steep Fall of an Online Education Giant Ed-tech company 2U, once worth over $5 billion, fights for its life after missteps in a difficult marketplace Melissa KornMay 12, 2024 at 5:30 am ET They had plenty to celebrate. 2U, which partners... — read more
Half day Fridays
Are they happening this season?
Can you get your bonus if you put in notice?
If the next bonus payment is 6/7 and Adam Drudges email said “the only contingency is that you remain an employee at 2u on the payment date” can you get the bonus if your last day is 6/7 or 6/10?
Tuition update
I put in my 2 weeks notice following my last post and through my exit interviews no one mentioned anything about tuition reimbursement. I looked at the workday profiles of the “tuition team” I used to email and they have all been “terminated”…so... — read more
275
I applied for my 275th job today since being laid off in October. If you still have a job at 2U, you better be looking for work now. Don't wait for the next round of layoffs. It's pretty bleak out here.
“Three Questions for Pepperdine’s Farzin Madjidi on Working with 2U“
Is this supposed to be like good publicity? How much did they have to pay this guy?? What a joke. https://www.insidehighered.com/opinion/blogs/learning-innovation/2024/04/30/three-questions-pepperdines-farzin-madjidi-working-2u
Why Do We Have an L&D Department?
Why is there an over paid learning and development department if 2U hasn’t hired new in several years? Now L&D creates new initiatives of meaningless work to show they are busy but not really impacting the bottom line.
Earnings call today
Should be interesting.
2U reminds me of the movies: Boiler Room and Wolf of Wall Street + Citron Research
There were many comments older reviews on another website about the Wolf of Wall Street analogy. It is all making sense, just finished watching the movie Boiler Room as well. This is so unethical what this company has done from nepotism to stock... — read more
Tuition obligation
I had a candid conversation with my boss and HR this week and I was told they would not be pursuing any repayment of tuition from employees who left before their time was up. I have over a year left and went to my boss to let him know it was the... — read more
Pushed to the limit and tired
In this challenging climate, where moral support is paramount, it's disheartening to feel increasingly pressured by company demands. Despite the need for a supportive environment, management's actions exacerbate the situation by adding more tasks... — read more
Career Services
What's going on with career services or workforce engagement? Is that the name? Do they still have career directors and advisors?
HQ to officially close on May 3rd, 2024
Well we all shouldn’t be surprised. We all knew this was coming, however, sad. They are looking for another office space for the very few employees that do want to work in the office, however, I just don’t see the point.
Always evolving
Notice there has not been any layoffs in quite some time? Holding on to you hat for the next one with the hopes of a severance? Good luck! 2U is now putting people on corrective action so they can fire them and avoid paying them severances. Instead... — read more