Coursera announced job cuts on July 6, eight weeks after its merger with Udemy closed. The company didn’t say how many people were affected. The only number it gave was a cost, $8 million to $11 million. After digging around California’s website, I found that 59 people were laid off: 31 from Coursera’s Mountain View headquarters, and 28 from Udemy’s office in San Francisco. California only requires these notices for jobs in the state, so that isn’t the whole number. Based on what the two compa

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

“Andrew is literally the only person that both Sam Altman and Dario Amodei have worked for. He is going to come up with things that nobody else can come up with.” “We don’t know exactly what those inventions and innovations will look like yet, but I’m highly confident that he is uniquely positioned to come up with things that we wouldn’t have come up with on our own.” That’s Greg Hart, Coursera’s CEO, on the July 29 earnings call, the first one since the Udemy merger, explaining why Coursera p

This afternoon, Coursera reports its first quarterly earnings since the Udemy deal closed. Yesterday, it announced a $100 million investment in LearnVector, a new AI learning company founded by Andrew Ng. LearnVector’s domain was registered exactly one month ago and somehow it’s worth $300M? It’s a single page website with five open roles in Mountain View, and a promise of a first product in early 2027. Its founder is the co-founder of Coursera and the chairman of its board. If my reading of t