Any rumors on what departments will be most impacted?
6 replies (most recent on top)
@3wpf+1hXrVYT9, it was supposed to be BYJU's which is already know for their cost cutting.
They are probably lowering overhead for a sell off. Probably part of the agreement. Theres was speculation that 2U is being sold to a company based out of India. Maybe a rumor but makes sense now seeing there are broad layoffs. If the particular Indian company I’m thinking is buying then they really can let everyone no essential to production. This is bad for the students.
I can assure you some of career services will be let go. I’d say the higher salaries, project managers, career directors ect.
Based on the new pricing model...
Marketing
Career Services
Faculty Recruitment/Support
Curriculum Development
Redundancies are U.S. workers who can be replaced by much lower-paid workers in other countries. Remember, Chippy cares about you!
Earnings call made it sound like Marketing was going to be one of the bigger hit teams. Also removing redundancies. Not sure how much of that there is though.