We’re toast
In the spirit of salary transparency
What is your role and how much do you make? I’ll start. I am a Senior SSA and I make $74,000 pre-tax.
“You have to trust us”
I commend everyone who came on camera and spoke out today. Especially the SSA who summed it up. We can’t afford to live. They are tone deaf and have a few million bucks in bonuses as the rest of us do the work to bring in revenue. While it will never... — read more
Paul violated the NLRA?
I believe Paul violated the National Labor Relations Act (NLRA) during today’s office hours call by stating, “…I highly recommend you discuss your compensation with your manager and only your... — read more
Reverse split
As a shareholder, I received my proxy voting materials. There are line items to approve the executive compensation as well as a reverse stock split of either 10 for 1 or 40 for 1. I did not vote in the way the board recommended
Someone was Bold and Brave to ask! Now let see how Paul and th c suite respond to this. To the person that slacked this.
Thank you to the person that slacked this today! You are brave and we are watching closely c suite to s e if there is any retaliation. Good morning, and happy bonus day! @plalljie has spoken extensively about emphasizing transparency within... — read more
Positive outlooks?
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?
Annual Report to Shareholders
https://d18rn0p25nwr6d.cloudfront.net/CIK-0001459417/7a957d03-dd30-4796-85e3-936e20d6e1c9.pdf
Thoughts on the studio
I haven't seen anyone’s thoughts on the new creative filming studio spaces. Is there just no talk about it anywhere else because it isn't well known or is it just that no one cares?
2U facing imminent collapse
Please get out while you can. Spend your work days applying and interviewing... — read more
To C suite explain to us how you can justify your own retention bonuses!!!!
Mr. Lalljie ($2,345,000), Mr. Norden ($1,190,000), Mr. Hermalyn ($726,000) and Mr. McCullough ($726,000), to be paid in equal quarterly installments OUTRAGEOUS! How can you justify this? IC got 6%, executive a/c got half of that and SSA got totally... — read more
Meanwhile, new bonuses for the C suite
In connection with the adoption of the Retention Program, the Company has entered into, or expects to enter into, a Retention Bonus and Clawback Agreement (the “Retention Agreements”) with each Officer, pursuant to which each Officer is entitled to... — read more
Boston Globe and WGBH looking at what happened to edX
Boston Globe (Hilary Burns) and Kirk Carapezza (WGBH) are looking for people who worked at edX who can tell them what happened.
4/3 Compensation Call
SSAs are not getting any salary increase this year. There will be a "retention bonus" for SSAs which is 40% of their expected bonus spread out over 4 quarters. So, like $200 maybe per quarter if you're lucky. No scheduled career pathing/promotions... — read more
Online is having problems
Another case of unrealistic expectations... https://www.theassemblync.com/education/higher-education/unc-online-education/
2U is shutting down April 15th.
2U is shutting down HQ on or before April 15th, 2024 and moving to a tiny office in Virginia. No one will be allowed back into the building. Most things are being moved into storage or liquidated.
Former Trilogy folks, how do you list your employment on a background check?
So, after being laid off, I finally landed a role. But I am worried about the background check. When I started, I started with Trilogy and at some point (don't remember the exact date) my paychecks started to say 2U. In addition, when I look back... — read more
2U At Risk of Being Removed From Nasdaq
https://www.highereddive.com/news/2u-at-risk-of-being-removed-from-nasdaq/710606/
Bonuses
Has anyone heard an update on bonuses?
Consistently depressed and ill due to all the layoffs
This company's unending cycles of layoffs are making me physically and emotionally ill. I have found myself utterly unable to work due to the emotional and physical stress this is causing me. ...And I'm one of the lucky ones, I realize, in that I... — read more
Delisting warning should be out soon...
This is where to look for the delisting warning from NASDAQ. Should be out soon. Share price is 37 cents, nowhere close to the $1 threshold. https://www.sec.gov/edgar/browse/?CIK=1459417&owner=exclude
Dobbs departure
Is this just a coincidence in timing, or did Dobbs get laid off and trying to hide that fact?
IMPORTANT FINANCIAL NEWS
https://www.fec.gov/bullsh-tlink this is an anonymous board, you aren't cool when you're cryptic, use your fu--ing words when you post random documents you obtuse loser(s)
F**e sale
https://www.sec.gov/Archives/edgar/data/1459417/000119312524060013/d672530dposasr.htm
F*ck it, 2Union
2U continues to hire more and more management bloat while laying off the workers who actually do work. Paul, Matt, Aaron, Andrew, Virginia, and now Matt D, etc, have all received promotions and pay increases despite (because of?) multiple rounds of... — read more
New email about consortium bootcamps
Dear Educators, I hope this note finds you doing well. As we navigate the ever-evolving landscape of online boot camps, it's crucial we share an update on our path forward. Over the last year, we've seen a decrease in search demand and enrollments... — read more
All Call
I have no idea how I'm supposed to stay motivated here. That call has left me thinking there is no reason to bend over backwards anymore. I can't get a raise, bonus or promotion. The leads are flooding in and my team can't keep up. I think the... — read more
Might need to start de*****ing the evidence...
FTC might be all over this... https://support.edx.org/hc/en-us/articles/4412765514135-Do-Boot-Camps-offer-job-placement-or-coaching-Does-a-Boot-Camp-guarantee-me-a-job
Insensitivity in Leadership
Reflecting on AH's Recent Communication Blunder In today's dynamic workplace landscape, effective leadership goes hand in hand with empathy, sensitivity, and an acute awareness of the emotional pulse of the team. However, a recent incident involving... — read more
Already looking for another job
All the signals are there. It’s time to leave this place. Many of us are not satisfied with our jobs, the work environment is, to put it mildly, unpleasant, and pay is not exactly worth it. From now on, we can expect only more cuts and layoffs, more... — read more
Rumors swirling that Bootcamp layoffs are happening today?
Anyone get HR meeting notification?
Clock is ticking
Very soon our stock will have been below a dollar for 30 consecutive days. Sh!t is about to hit the fan.
"Harvard Held the Future of Education in Its Hands. Then We Sold It."
https://www.thecrimson.com/article/2024/2/23/climaco-harvard-edx-education-sold/
Interview with Andrew
"First, let me emphasize that there is a lot to be confident and excited about when working with 2U." https://www.insidehighered.com/opinion/blogs/learning-innovation/2024/02/23/three-questions-2us-andrew-hermalyn
Don’t bite the hand that feeds you!
Ok this is not going to be popular, but if you are still with 2U, STOP Complaining! You are still getting a pay check and benefits. Instead of biting the hand that feeds you, Work to help make this company make it or get out. PERIOD.
edX brand is down the tubes
Anyone who thinks they can get way with saying they worked for edX, and didn't work for edX before the acquisition--actually building edX--is doing the same deception that 2U is known for its fraud with USC. 2U destroyed edX by trying to make a... — read more
Tied down to contract
I don't know how many others are in the same boat, but I am still legally tied to 2U because they paid for my graduate degree. I have almost a year left until I can leave. Anyone have any insight on what would happen if I chose to leave before the... — read more
April Promotions
I take it they aren’t happening? Is there even a point in staying on this sinking ship?