Online education company 2U implements fifth round of layoffs since its disastrous $800 million acquisition of edX in 2021.

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,

Udemy’s latest ‘Strategic Business Update’ uses corporate euphemisms to signal job cuts while pivoting to enterprise clients.

2U, the online education giant that acquired edX last year, just saw its stock price drop by half.