After successfully completing its recent bankruptcy proceedings, 2U workers expect another round of layoffs. 2U, with its subsidiary edX, is the online program manager for dozens of elite universities, like Harvard and Yale, who offer their brand names to sell online degrees and certificates. But two schools, the University of Southern California and Fordham, have distanced themselves from the company. 2U's new board chair of is Brian Napack, who served as an executive at John Wiley and McMillan, two other companies that have faced financial challenges.
Related links:
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2U Suspended from NASDAQ. Help for USC and UNC Student Loan Debtors.
2U-edX crash exposes the latest wave of edugrift
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