Analyzing the impact of China’s regulatory crackdown on the nation’s for-profit education industry.

In 2021, edX was acquired by 2U for $800M, stopped being a nonprofit, and the 2U integration has begun.

Class Central, yet again, came across a 2U employee’s layoff post on LinkedIn. This is its sixth layoff (that we know of) since 2U acquired edX in 2021. The first one happened in 2022 for profitability’s sake. Since then, the company filed for bankruptcy (mostly due to the debt it took to acquire edX for $800M), took down its bootcamps, exited many university partnerships, and even got delisted from the stock market. The previous layoffs were framed as strategy shifts, realigning operations, o

Duolingo’s side business, Duo’s Taquería, has doubled its revenue to $1.3M in 2024