Topics regarding layoffs at 2U Inc.

Topics regarding layoffs at 2U Inc.

Adjusted EBITDA

we beat the 2023 target. Does this mean bonuses?

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| 1060 views | | 4 replies (last February 29, 2024)
Post ID: @OP+1rb1OIku

China Hustle

Ambow (AMBO) has twice the market cap of 2U. And their headquarters is a closet in Cupertino.

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| 580 views | | 2 replies (last February 21, 2024)
Post ID: @OP+1raxmWoH

Mo--n or conman?

Why did Chip buy edX? Because he was a total id--t or because he needed another year or two to pump the stock until he could bail out. JK says Chip is just a mo--n. Not sure I buy it. Personally I think it was number 2, and that someone should... — read more 

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| 890 views | | 5 replies (last February 20, 2024)
Post ID: @OP+1raBD3XM

And now for something completely different...

CHIP WADDINGTON, 30s, sits behind a massive, mahogany desk adorned with a golden bust of himself. Stacks of money tower beside him like a modern-day Midas. He wears a Hawaiian shirt and flip-flops despite the air conditioning blasting arctic... — read more 

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| 850 views | | 4 replies (last February 20, 2024)
Post ID: @OP+1ra1xjLb

Quick question

Does anyone in Boston work for edX anymore? Or did that end with consolidation?

Leave 2U

There's no future here. Your career will be better served anywhere but here. After too many years spent here I find the whole interviewing process rather daunting, but even I have pushed through and now I'm trying to find something. This place will... — read more 

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| 680 views | | no replies yet
Post ID: @OP+1r9cFif5

Anybody going to ASU-GSV?

Here comes the sun... https://web.cvent.com/event/e57e22e7-3263-467c-9ebd-22d4f0e3fcdd/summary?rt=QkeQKleZzkmOcPyWUF5Tag

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| 651 views | | 3 replies (last February 19, 2024)
Post ID: @OP+1r8ierhy

Scenarios

Clock is ticking on the delisting warning. What are the options for the brass? (1) Wait and pray. It takes another 6 months+ after a delisting warning that things get serious. And then they can do a reverse stock split to inflate the price. Could... — read more 

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| 1380 views | | 17 replies (last February 18, 2024)
Post ID: @OP+1r7rCOdM

Sigh

I still have Chip on my Facebook. He looks happier than ever; posting pics from Dubai. He has not a care in the world. I remember when he cried talking about having to lay people off at one of his last companies. He said it was the hardest thing he... — read more 

The Netflix series

Working on a pilot for the 2U story, called F*. Dark comedy with lots of background music. Like Billions, but not as highbrow (fewer allusions). Not as lowbrow as Animal House. The first year JK bribes a big university, SCU, then hires Chip... — read more 

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| 790 views | | 4 replies (last February 16, 2024)
Post ID: @OP+1r59CWyY

Employee stock purchase plan

If the stock gets delisted, I understand any stock already owned is sc--wed, but what happens to the current funds waiting for the next purchase period?

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| 1020 views | | 8 replies (last February 15, 2024)
Post ID: @OP+1r5ZPo0K

I’m (oddly) at peace.

It’s pretty clear this business is done… which is what it is. I’m probably coming from a place of privilege but I am at peace. I will continue to do my job and what is expected of me, but not go above and beyond, while looking for my next move... — read more 

Songs to party to!

https://www.youtube.com/watch?v=Z5QLbnfFWg0 https://www.youtube.com/watch?v=_3eC35LoF4U https://www.youtube.com/watch?v=R7jW8_2Us5c https://www.youtube.com/watch?v=-RP19fnff_c

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| 580 views | | 4 replies (last February 13, 2024)
Post ID: @OP+1r3wpEin

Earnings Call Transcript

Read it for yourself. Still no 10K. https://seekingalpha.com/article/4669627-2u-inc-twou-q4-2023-earnings-call-transcript

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| 1660 views | | 17 replies (last February 14, 2024)
Post ID: @OP+1r3vfhFS

10K?

Where is the Annual Report (10K)? https://www.sec.gov/edgar/browse/?CIK=1459417&owner=exclude

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| 444 views | | no replies yet
Post ID: @OP+1r3pNiHi

"Shrink to grow mindset"

Did I just hear that? "12 quarter journey? "radical transparency"? Using AI for lead generation? "Offshoring when appropriate" "culture of curiosity" "reduce expenses"

Any guilt here?

Any thoughts that the edugrift at 2U has damaged people's lives? Sure there may be anecdotes of successes that provide comfort. Any these folks were adults. But was there any deception of others, self-deception? ... — read more 

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| 2521 views | | 28 replies (last February 12, 2024)
Post ID: @OP+1r0ypoEk

Negative performance reviews

For those left behind after the most recent layoffs, have you received unsubstantiated negative performance feedback with threats of a PIP?

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| 1421 views | | 12 replies (last February 13, 2024)
Post ID: @OP+1qZdYhnM

Earnings numbers?

2U could have reported their numbers ahead of earnings call. The fact that they haven't is not a good sign.

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| 1040 views | | 6 replies (last February 11, 2024)
Post ID: @OP+1qZYmvUu

What is the vision for the future?

We have had layoffs, reorganization of teams and verticals, and yet we have not been given a clear path or a vision for the future. As far as the degree side, nothing has changed. Other than teams spread out thin. Where is leadership? “ We are going... — read more 

Burnt. Out.

I am so burnt out here I don’t even have energy to job hunt after work. Any motivational tips? Aside from unemployment threat and starvation? lol

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| 1270 views | | 4 replies (last February 13, 2024)
Post ID: @OP+1qSI53N1

Friendly reminder…

Even if HR tracks you down for commenting on this board, you still have a federally protected right to discuss work conditions as long as you’re being honest and not divulging proprietary information or engaging in insider training. Do your own... — read more 

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| 1430 views | | 5 replies (last February 13, 2024)
Post ID: @OP+1qPEwXta

Getting weird vague warnings?

Has anyone else been getting really vague warnings about doing your job right and staying ethical? It’s never directed at anyone specific on my team, it has just felt ominous the last few months with these vague threats of immediate termination for... — read more 

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| 1520 views | | 8 replies (last February 10, 2024)
Post ID: @OP+1qPSCgEH

What does the reorg mean for SS?

Anyone have thoughts on what this reorg they sent cryptic emails about this week could mean for Student Success? I can't help but think that their talk of going back to basics and a heavy focus on efficiency might mean that the coaching aspect of SS... — read more 

Calling for the Resignation of the Executive Team

Where's the accountability for the following execs responsible for driving this business in the ground! Any other employees with this performance would be fired!! Brad Adams John Dobbertin Andy Morgan Andrew Hermalyn (recently promoted!!) Hey thanks... — read more 

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| 3090 views | | 8 replies (last January 22, 2024)
Post ID: @OP+1qFQwS8C

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