2U announces layoffs and new approach to tuition-share agreements — from highereddive.com by Natalie Schwartz
The online program manager expects the restructuring will lead to about $70 million in annual cost savings.
Excerpt:
2U announced across-the-board layoffs and changes to its business strategy on Thursday, as it reorients the company around edX, a prominent MOOC platform it acquired last year.
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2U officials announced the company is updating this part of the business model, saying it will offer tuition-share agreements starting at 35% of a program’s revenue — with higher rates available to colleges that want more services.