2U Layoffs
July 2022
2U announced a layoff affecting 0 employees (20% of its workforce) in July 2022. The company operates in the Education sector.
0
20%
Jul 28, 2022
About
In July 2022, online program management company 2U laid off 20% of its workforce as part of a restructuring following its merger with edX. The layoffs, which affected hundreds of employees, were a response to enrollment declines across higher education and the challenges of integrating edX. Concurrently, 2U announced a strategic pivot, reducing its core revenue-sharing fee for degree programs from over 60% to 35% and offering incentives for partner institutions to lower tuition. This shift aims to align the company more closely with industry competitors and address long-standing criticism of its pricing model. The changes reflect broader tumult in the online education sector, where 2U remains a major player despite these adjustments.
Related Events
More Education Layoffs
Report an Error
If you find incorrect information, please let us know so we can correct it.
support@layoffs.nl