Content-type: text/html Downes.ca ~ Stephen's Web ~ 2U/edX Lays Off More Employees as Stock Continues to Decline

Stephen Downes

Knowledge, Learning, Community

I can only offer a wry chuckle. "Last year, 2U laid off a significant number of employees as it shifted to a 'platform strategy' built around edX, which it acquired for $800 million in mid-2021.2U's CEO Chip Paucek contends that this new strategy is proving successful. Last week, he announced that additional layoffs are necessary to realign the company's operations with its new business model." It's a bit like the captain of the Titanic saying "we still have forward momentum."

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Stephen Downes Stephen Downes, Casselman, Canada
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Last Updated: May 18, 2024 7:51 p.m.

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