2U/edX Implements Another Round of Layoffs Amid Ongoing Financial Struggles
Timeline graph showing 2U/edX layoffs history from July 2021 acquisition to March 2025 layoffs

According to recent LinkedIn posts from affected employees, 2U/edX has implemented another round of layoffs. This continues a pattern of workforce reductions that began in 2022, following 2U’s $800 million acquisition of edX in 2021.

Recent History of Layoffs

This marks at least the fifth significant round of layoffs for the company in the past three years:

Financial Context

These continuing layoffs come as no surprise given 2U’s ongoing financial difficulties. The company filed for bankruptcy in July 2024, primarily due to the significant debt taken on to finance the edX acquisition.

At the end of Q3 2023, 2U reported debt exceeding $800 million, with its market capitalization having plummeted to just $62 million—a dramatic fall from the $800 million it paid for edX.

Strategic Shifts

In December 2024, 2U announced it would transition away from traditional bootcamps (acquired through its $750 million purchase of Trilogy Education) to focus on what it called “innovative technical microcredentials.”

The company has undergone several strategic pivots since the edX acquisition:

Uncertain Future

With the company in bankruptcy proceedings, the future of both 2U and edX remains uncertain. The edX platform, once a non-profit educational initiative from Harvard and MIT, has seen its operations significantly impacted by 2U’s financial troubles.

The current layoffs appear to be part of ongoing restructuring efforts as the company attempts to navigate bankruptcy and determine a sustainable path forward.

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