Layoffs.fyi is keeping track of US federal government layoffs. The website was originally created to track tech layoffs and has been featured in the Wall Street Journal, Bloomberg, and NY Times.
Showing posts with label layoffs. Show all posts
Showing posts with label layoffs. Show all posts
Friday, March 14, 2025
Watch DOGE layoffs in real-time with Layoffs.fyi
Wednesday, December 4, 2024
More Layoffs at 2U, the Online Program Manager for Elite Universities
2U, the parent company of edX, has announced more layoffs today. The layoffs were announced to staff and it's not known yet whether they will be publicly reported. It appears that many of the cuts will come from edX bootcamps which may be closing by June 2025.
2U filed for bankruptcy earlier this year and the bankruptcy was approved by the U.S. Bankruptcy Court for the Southern District of New York on September 9th. Mudrick Capital Management is currently involved in the turnaround plan.
According to David Halperin, the edtech company may also be the subject of investigations by the Federal Trade Commission and California Attorney General.
2U is the online program manager for a number of elite universities, including Harvard, Yale, MIT, and the University of California. Some of the programs have been the subject of public scorn by consumers who claim they were defrauded. HEI has been investigating 2U since 2019. The Wall Street Journal has also investigated 2U and written several critical stories.
edX promises career support to people who sign up for bootcamps. But what happens when the bootcamps close?
Related links:
FTC and California AG Have Been Investigating Online College Provider 2U (David Halperin)
Workers at 2U expect more layoffs in 2024
2U Collapse Puts Sallie Mae and SLABS Back on the Radar (Glen McGhee)
2U Suspended from NASDAQ. Help for USC and UNC Student Loan Debtors.
2U-edX crash exposes the latest wave of edugrift
Tuesday, February 26, 2019
The Layoff.com: Observations of College Meltdown in Real Time (Updated September 29, 2024)
The Layoff.com is a "simple discussion board"
for workers who would like to learn more about
the rumors or possibility of job cuts in their organization. It's also been helpful for us to understand what has been happening behind the scenes in the US Higher Education business.
We have been observing and participating on this website for more than a dozen years, watching the fall of Corinthian Colleges (Everest College, Wyotech, and Heald), ITT Tech, Education Management Corporation (the Art Institutes and South University), the partial collapse of Apollo Group (University of Phoenix), Perdoceo (formerly Career Education Corporation), and Laureate International, and the transformation of Kaplan University to Purdue University Global and Bridgepoint Education (Ashford University) to University of Arizona Global.
As the College Meltdown has advanced, we have also observed a number of private schools collapse and public colleges and universities struggle. As enrollments continue to drop, we can expect more layoffs to occur and for education related businesses to struggle more.
The contents of this article are updated periodically, to illustrate trends in the College Meltdown. The most recent update was published September 29, 2024. 2U, the online program manager for elite university certificates has been the poster child in 2024, but there are many other companies and institutions in peril.
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