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Chinese Edtech Pivots: Well-rounded Education, Hardware, Agriculture E-commerce, Fast-Food, Garments, and More
Some companies are exploring entirely new markets: from hardware sales to TikTok e-commerce.
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Udemy’s Last CEO Quietly Moves On: Joins a Tax & Compliance Company as CEO
When Class Central covered the Coursera-Udemy merger completion, Hugo Sarrazin’s role was unclear. Not anymore. He’s joining Avalara, a tax and compliance company, as CEO.
Here’s the thing. Neither an SEC filing nor a public post announced the departure of the 14-month CEO, which led Udemy to its first profitable year and the $2.5 billion all-stock merger.
The Quiet Exit
The Coursera-Udemy merger was completed on May 11, 2026. Coursera even released a completion 8-K once it was done.
Sarrazin,
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2U Lays Off Staff for the Sixth Time Since its $800M edX Acquisition
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
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12 Best Data Science Courses for 2025
Find the Perfect Course and Become a Data Pro with Our Comprehensive Guide to the Best Online Data Science Courses.
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