Topics regarding layoffs at 2U Inc.

Topics regarding layoffs at 2U Inc.

Need advise on 2u stock

I need some advice. Should I sell or hold the 2U stock that I have now even though I bought at a higher price. I have about 1500 shares that I bought, foolishly , through the stock option plan between $25-$38 at the time. So obviously, lost a lot... — read more 

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| 1651 views | | 2 replies (last January 23, 2024)
Post ID: @OP+1qFloOXr

What’s keeping u from leaving?

2U as you once knew it is GONE. Advice… spend time on your resume, your linkedin profile, a few projects you can showcase, put your name out there. The remaining management is done. They are looking for other opportunities and will fly as soon as... — read more 

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| 2051 views | | 7 replies (last January 25, 2024)
Post ID: @OP+1qEkGw6O

Can the bondholders short the stock?

People are saying the bondholders are shorting the stock as a hedge against the $800M in debt. It seems like that would be considered insider trading since they have knowledge of the refinancing negotiations. The company is held hostage by the... — read more 

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| 1210 views | | 2 replies (last January 19, 2024)
Post ID: @OP+1qENnO1L

No more layoffs - until when?

Let's be real here, anybody who thinks he or she is safe now is incredibly naive. Yes, this round might be over, but all that means is that we'll get a few weeks if unlucky, and a few months if lucky to relax before the next round hits. We're past... — read more 

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| 1570 views | | 2 replies (last January 19, 2024)
Post ID: @OP+1qEt8DCq

Exploring Interest in Unionizing – Your Thoughts?

What a rough week. I've been thinking about the collective voice we have as employees and the potential benefits of forming a union. I'm curious to know if any of you have considered the idea of unionizing and your thoughts on it. This is a topic... — read more 

Understaffing is Effecting Our Team

in sept, our team went was cut in half, our manager was let go and replaced with a manager who is spread way too thin across multiple teams. we get hundreds of leads a day, and it's pretty much impossible to get through them all, much less give them... — read more 

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| 1800 views | | 8 replies (last January 23, 2024)
Post ID: @OP+1qDiBGfU

.79

Getting laid off is not ideal but getting some type of severance would be better than closing up shop as this place goes under with no type of compensation when let go. The market clearly doesn’t find us viable. It’s over.

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| 1850 views | | 7 replies (last January 19, 2024)
Post ID: @OP+1qDzcsbB

How long will the reprieve last?

I wish I could relax now that it's over but I can't. Knowing that it's just a matter of time before more layoffs are announced is making it impossible for me to just "turn off" stressing. All I can think about is that, yes, I made it this time, but... — read more 

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| 1670 views | | 4 replies (last January 19, 2024)
Post ID: @OP+1qDN8gvg

Show of hands

Would you ever work for a company that was under leadership of Chip Paucek again?

Education Benefit in Question

For those that have taken advantage of the education benefit, has anyone left before finishing their commitment? And if so, has 2U required reimbursement back from you?

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| 1040 views | | 3 replies (last January 18, 2024)
Post ID: @OP+1qD5IvAD

Paul is under a lot of stress.

Paul is under a lot of stress right now. Chip drove this company into the ground. Paul's a finance guy and his goal is to make this thing profitable at a minimum. It's possible (slim chance) 2U will eventually become a profitable, independent... — read more 

It happened

The layoffs happened today many were impacted

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| 1190 views | | 1 reply (January 18, 2024)
Post ID: @OP+1qCnR1BN

It all started...

with a payoff to USC. And the rest is history. https://today.usc.edu/princeton-review-founder-establishes-endowed-chair-at-usc/

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| 990 views | | 1 reply (January 18, 2024)
Post ID: @OP+1qCs3UwV

What a joke

Does anybody else think a $500 severance for part-timers is insulting? I feel so bad for those who were laid off and learned that all their work and all their contributions were worth $500 in severance money. I would not accept it, to be honest... — read more 

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| 1531 views | | 8 replies (last January 30, 2024)
Post ID: @OP+1qCAyYsQ

Thanks Chip, you left quite the mess behind!

Chip you sure left a mess behind! How does it feel to be such a failure? I don’t care if you have millions, you still ran this place to the ground and Failed. Just like all the other Buisness you have had.

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| 842 views | | no replies yet
Post ID: @OP+1qCy8Z2N

$500 severance? Hahaha

I’m sure it’ll come with an NDA. No way is that enough money to buy my silence. I’ll be shouting from the rooftops on LinkedIn and Glassdoor about what a sham their bootcamps are. Over the past few years, I’ve watched them completely eliminate all... — read more 

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| 1600 views | | 5 replies (last January 18, 2024)
Post ID: @OP+1qC9c1XU

Is this just phase one?

Something isn’t adding up with all of this after all the chatter about student engagement getting massive cuts. I have a sneaking suspicion this is just the first phase of many layoffs… does anyone else have that feeling?

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| 2230 views | | 5 replies (last January 17, 2024)
Post ID: @OP+1qC4JG4z

Severance?

For those who have been laid off in the past couple of rounds, what have the severance packages looked like? 1 week of pay for every year worked? More?

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| 2380 views | | 8 replies (last January 17, 2024)
Post ID: @OP+1qComDwC

Are we certain it's today?

I haven't slept all that much stressing over it. I do hope it happens today, though, because I'd rather know than have to wait for who knows how long and continue to stress.

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| 1870 views | | 5 replies (last January 17, 2024)
Post ID: @OP+1qChE7Aj

Layoffs are coming (again)

2U cannot have a stock price under $1 for 30 continuous days w/out the Nasdaq delisting the company. It's started to slide to under a $1 in December, pops up for a bit, but then slides back to under a $1 again. Execs fear a continuous slide to... — read more 

Wednesday Layoffs

Lists are finalized. Large layoff coming on Wed that’ll impact every dept.

Enjoy the show.

Bad news for execs. VJ is coming back in the news | Some companies will have bit off more than they can chew. Farewell.

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| 1950 views | | 5 replies (last January 13, 2024)
Post ID: @OP+1qyIPF1a

2U or not 2U. That is the question.

Few options. Here are 2: Sell off or close down everything that's not profitable, like Laureate did. It's a shell of its former self, but it's still alive. Sell everything off to private equity, if they see any value. Apollo Global acquired... — read more 

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| 1950 views | | 7 replies (last January 13, 2024)
Post ID: @OP+1qwm5mdD

So disappointing

I'm so disappointed to see that 2U is willing to pay 2 executives damn near 1 million a year. Maybe if Andrew and Aaron cut their salaries in half (which would still put them at 225k/year, more than livable) the company could manage their debt a... — read more 

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| 1840 views | | 6 replies (last January 13, 2024)
Post ID: @OP+1qwPuISZ

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