Jump to content

Guild Education: Difference between revisions

Add links
From Wikipedia, the free encyclopedia
Browse history interactively
← Previous editNext edit →
Content deleted Content added
VisualWikitext
→Business strategy: rm list of customers; not a brochure
Citation bot (talk | contribs)
Bots
5,343,095 edits
Alter: title, template type. Add: newspaper, work, date. Removed parameters. Some additions/deletions were parameter name changes. | Use this bot. Report bugs. | Suggested by Abductive | Category:Articles to be expanded from June 2024 | #UCB_Category 538/652
Line 7: Line 7:
| founders = [[Rachel Romer]] and Brittany Stich
| founders = [[Rachel Romer]] and Brittany Stich
| location = [[Denver, Colorado]]
| location = [[Denver, Colorado]]
| num_employees = 900 (2024)<ref name="Denver Post">{{cite web |last1=Svaldo |first1=Aldo |title=Education tech firm Guild lays off a quarter of its workforce |url=https://www.denverpost.com/2024/05/22/education-tech-guild-layoffs/ |website=www.denverpost.com |publisher=Denver Post |access-date=29 May 2024}}</ref>{{Better source needed|date=September 2022|this is not an independent source}}
| num_employees = 900 (2024)<ref name="Denver Post">{{cite web |last1=Svaldo |first1=Aldo |title=Education tech firm Guild lays off a quarter of its workforce |url=https://www.denverpost.com/2024/05/22/education-tech-guild-layoffs/ |website=www.denverpost.com |date=22 May 2024 |publisher=Denver Post |access-date=29 May 2024}}</ref>{{Better source needed|date=September 2022|this is not an independent source}}
| homepage = {{URL|https://www.guildeducation.com}}
| homepage = {{URL|https://www.guildeducation.com}}
}}
}}
Line 19: Line 19:
In June 2021, Guild Education announced a strategic partnership with [[2U (company)|2U]],<ref>{{cite web |last1=McKenzie |first1=Lindsay |title=2U, Guild Tap Deeper Into Adult Education Market |url=https://www.insidehighered.com/news/2021/02/24/2u-partnership-guild-education-aims-bolster-offerings-working-adults |website=[[Inside Higher Ed]] |publisher=Inside Higher Education |access-date=August 1, 2021}}</ref> where the latter company made its degree programs, courses, and bootcamp programs available to the corporations that employ Guild.<ref name="Wan 2021">{{cite web |last1=Wan |first1=Tony |title=2U, Guild Education Partner to Expand Online Education for Adult Workers |url=https://www.edsurge.com/news/2021-02-24-2u-guild-education-partner-to-expand-online-education-for-adult-workers |website=[[EdSurge]]|date=February 24, 2021 |access-date=20 March 2021}}</ref> [[Google]] also made Google Career Certificates available to corporations that employ Guild.<ref>{{cite web |last1=Greig |first1=Jonathan |title=Google relaunching career certificates, job board and scholarship program |url=https://www.techrepublic.com/article/google-relaunching-career-certificates-job-board-and-scholarship-program/|date=March 11, 2021 |website=[[TechRepublic]] |access-date=26 March 2021}}</ref> In the same month, ''[[CNBC]]'' reported that Guild Education sought to profit from its expectation of [[automation]] increasing displacement of workers.<ref name="de León 2021">{{cite web |last1=de León |first1=Riley |title=CNBC Disruptor 50 Guild Education reaches $3.7 billion valuation amid labor shortage|date=June 2, 2021 |url=https://www.cnbc.com/2021/06/02/guild-education-reaches-3point7-billion-valuation-amid-labor-shortage.html |website=CNBC |access-date=9 June 2021}}</ref>
In June 2021, Guild Education announced a strategic partnership with [[2U (company)|2U]],<ref>{{cite web |last1=McKenzie |first1=Lindsay |title=2U, Guild Tap Deeper Into Adult Education Market |url=https://www.insidehighered.com/news/2021/02/24/2u-partnership-guild-education-aims-bolster-offerings-working-adults |website=[[Inside Higher Ed]] |publisher=Inside Higher Education |access-date=August 1, 2021}}</ref> where the latter company made its degree programs, courses, and bootcamp programs available to the corporations that employ Guild.<ref name="Wan 2021">{{cite web |last1=Wan |first1=Tony |title=2U, Guild Education Partner to Expand Online Education for Adult Workers |url=https://www.edsurge.com/news/2021-02-24-2u-guild-education-partner-to-expand-online-education-for-adult-workers |website=[[EdSurge]]|date=February 24, 2021 |access-date=20 March 2021}}</ref> [[Google]] also made Google Career Certificates available to corporations that employ Guild.<ref>{{cite web |last1=Greig |first1=Jonathan |title=Google relaunching career certificates, job board and scholarship program |url=https://www.techrepublic.com/article/google-relaunching-career-certificates-job-board-and-scholarship-program/|date=March 11, 2021 |website=[[TechRepublic]] |access-date=26 March 2021}}</ref> In the same month, ''[[CNBC]]'' reported that Guild Education sought to profit from its expectation of [[automation]] increasing displacement of workers.<ref name="de León 2021">{{cite web |last1=de León |first1=Riley |title=CNBC Disruptor 50 Guild Education reaches $3.7 billion valuation amid labor shortage|date=June 2, 2021 |url=https://www.cnbc.com/2021/06/02/guild-education-reaches-3point7-billion-valuation-amid-labor-shortage.html |website=CNBC |access-date=9 June 2021}}</ref>


In June 2022, Forbes and Bloomberg reported Guild's valuation at $4.4 billion.<ref>{{cite web |last1=McGregor |first1=Jena |title=Guild Education Reaches $4.4 Billion Valuation As Labor |url=https://www.forbes.com/sites/jenamcgregor/2022/06/02/guild-education-reaches-44-billion-valuation-as-labor-market-demands-continue-and-a-downturn-threat-rises/?sh=2f5e75d3649a |website=www.forbes.com |publisher=Forbes |access-date=4 January 2024}}</ref><ref>{{cite web |title=Guild Education Reaches $4.4 Billion Valuation |url=https://www.bloomberg.com/news/videos/2022-06-02/guild-education-reaches-4-4-billion-valuation-video |website=www.bloomberg.com |publisher=Bllomberg Technology |access-date=4 January 2024}}</ref>
In June 2022, Forbes and Bloomberg reported Guild's valuation at $4.4 billion.<ref>{{cite web |last1=McGregor |first1=Jena |title=Guild Education Reaches $4.4 Billion Valuation As Labor |url=https://www.forbes.com/sites/jenamcgregor/2022/06/02/guild-education-reaches-44-billion-valuation-as-labor-market-demands-continue-and-a-downturn-threat-rises/?sh=2f5e75d3649a |work=Forbes |access-date=4 January 2024}}</ref><ref>{{cite web |title=Guild Education Reaches $4.4 Billion Valuation |url=https://www.bloomberg.com/news/videos/2022-06-02/guild-education-reaches-4-4-billion-valuation-video |website=www.bloomberg.com |date=2 June 2022 |publisher=Bllomberg Technology |access-date=4 January 2024}}</ref>


In November 2022, Guild Education reduced its office space in Denver by 50 percent.<ref>{{cite web |last1=Tracy |first1=Kate |title=Edtech unicorn drops half its office space in tallest Denver building |url=https://www.bizjournals.com/denver/news/2022/11/07/guild-education-denver-office-space.html |access-date=12 May 2023 |website= |publisher=Denver Business Journal}}</ref>
In November 2022, Guild Education reduced its office space in Denver by 50 percent.<ref>{{cite web |last1=Tracy |first1=Kate |title=Edtech unicorn drops half its office space in tallest Denver building |url=https://www.bizjournals.com/denver/news/2022/11/07/guild-education-denver-office-space.html |access-date=12 May 2023 |website= |publisher=Denver Business Journal}}</ref>


In April 2023, Guild Education rebranded as Guild, and according to ''[[Fortune (magazine)|Fortune]]'', added "a new career coaching product."<ref>{{cite web |last1=Hinchliffe |first1=Emma |last2=Crowley |first2=Kinsey |title=34-year-old Rachel Romer built Guild Education into one of the world’s highest-valued female-founded startups. Now, she’s expanding it beyond traditional ‘education’ |url=https://finance.yahoo.com/news/34-old-rachel-romer-built-131742148.html |work=[[Fortune (magazine)|Fortune]] |publisher=Yahoo Finance |access-date=10 July 2023}}</ref>
In April 2023, Guild Education rebranded as Guild, and according to ''[[Fortune (magazine)|Fortune]]'', added "a new career coaching product."<ref>{{cite web |last1=Hinchliffe |first1=Emma |last2=Crowley |first2=Kinsey |title=34-year-old Rachel Romer built Guild Education into one of the world's highest-valued female-founded startups. Now, she's expanding it beyond traditional 'education' |url=https://finance.yahoo.com/news/34-old-rachel-romer-built-131742148.html |work=[[Fortune (magazine)|Fortune]] |date=12 April 2023 |publisher=Yahoo Finance |access-date=10 July 2023}}</ref>


In May 2023, Guild reduced its staff by 12%, resulting in over 150 individuals being laid off after several rounds of restructuring.<ref>{{cite web |last1=Svaldi |first1=Aldo |title= Denver-based education tech firm Guild eliminates 172 jobs|url=https://www.denverpost.com/2023/05/26/education-tech-firm-guild-layoffs-172-employees/ |access-date=26 May 2023 |website= |publisher=Denver Post}}</ref>
In May 2023, Guild reduced its staff by 12%, resulting in over 150 individuals being laid off after several rounds of restructuring.<ref>{{cite web |last1=Svaldi |first1=Aldo |title= Denver-based education tech firm Guild eliminates 172 jobs|url=https://www.denverpost.com/2023/05/26/education-tech-firm-guild-layoffs-172-employees/ |access-date=26 May 2023 |website= |date=26 May 2023 |publisher=Denver Post}}</ref>


In October 2023, Guild announced that it was offering training in [[artificial intelligence]] for front line workers through its education provider clients.<ref>{{cite web |last1=McGlauflin |first1=Paige |last2=Abrams |first2=Joseph |title=An education startup used by Walmart, Hilton, and Disney wants to close the AI skills gap for frontline workers |url=https://fortune.com/2023/10/17/guild-education-startup-ai-learning-program-frontline-workers/ |website=fortune.com |publisher=Fortune |access-date=9 December 2023}}</ref>
In October 2023, Guild announced that it was offering training in [[artificial intelligence]] for front line workers through its education provider clients.<ref>{{cite web |last1=McGlauflin |first1=Paige |last2=Abrams |first2=Joseph |title=An education startup used by Walmart, Hilton, and Disney wants to close the AI skills gap for frontline workers |url=https://fortune.com/2023/10/17/guild-education-startup-ai-learning-program-frontline-workers/ |website=fortune.com |publisher=Fortune |access-date=9 December 2023}}</ref>


In April 2024, Bijal Shah was named CEO.<ref>{{cite web |last1=Alvarez |first1=Alayna |title=Spotlight: Meet Guild's new CEO, Bijal Shah |url=https://www.axios.com/local/denver/2024/04/23/guild-education-ceo-bijal-shah |website=www.axios.com |publisher=Axios |access-date=24 April 2024}}</ref> In May, Guild laid off an additional quarter of its workforce, an estimated 300 workers.<ref name="Denver Post">{{cite web |last1=Svaldo |first1=Aldo |title=Education tech firm Guild lays off a quarter of its workforce |url=https://www.denverpost.com/2024/05/22/education-tech-guild-layoffs/ |website=www.denverpost.com |publisher=Denver Post |access-date=29 May 2024}}</ref>
In April 2024, Bijal Shah was named CEO.<ref>{{cite web |last1=Alvarez |first1=Alayna |title=Spotlight: Meet Guild's new CEO, Bijal Shah |url=https://www.axios.com/local/denver/2024/04/23/guild-education-ceo-bijal-shah |website=www.axios.com |publisher=Axios |access-date=24 April 2024}}</ref> In May, Guild laid off an additional quarter of its workforce, an estimated 300 workers.<ref name="Denver Post">{{cite web |last1=Svaldo |first1=Aldo |title=Education tech firm Guild lays off a quarter of its workforce |url=https://www.denverpost.com/2024/05/22/education-tech-guild-layoffs/ |website=www.denverpost.com |date=22 May 2024 |publisher=Denver Post |access-date=29 May 2024}}</ref>


==Business strategy==
==Business strategy==
Guild Education works for large corporations and contracts with adult education providers. It offers marketing services and receives payment from schools only when students enroll.<ref>{{cite web |last1=Yaffe-Belany |first1=David |title=How to Get Rich Sending Low-Income Workers to College |url=https://www.bloomberg.com/features/2021-free-college-through-tuition-assistance-guild/ |website=www.bloomberg.com |publisher=Bloomberg |access-date=16 December 2021}}</ref> The employers also get a tax break.<ref name="Wilson 2019">{{cite web |last1=Wilson |first1=Alexandra |title=Class Act: This 31-Year-Old's Company Rocketed To A $1 Billion Valuation Helping Workers Get Degrees |url=https://www.forbes.com/sites/alexandrawilson1/2019/12/19/make-colleges-pay-the-31-year-old-whose-company-rocketed-to-a-1-billion-valuation-helping-workers-get-degrees/?sh=7b23d69f75f6 |work=Forbes |access-date=31 March 2021}}</ref>
Guild Education works for large corporations and contracts with adult education providers. It offers marketing services and receives payment from schools only when students enroll.<ref>{{cite news |last1=Yaffe-Belany |first1=David |title=How to Get Rich Sending Low-Income Workers to College |url=https://www.bloomberg.com/features/2021-free-college-through-tuition-assistance-guild/ |newspaper=Bloomberg |access-date=16 December 2021}}</ref> The employers also get a tax break.<ref name="Wilson 2019">{{cite web |last1=Wilson |first1=Alexandra |title=Class Act: This 31-Year-Old's Company Rocketed To A $1 Billion Valuation Helping Workers Get Degrees |url=https://www.forbes.com/sites/alexandrawilson1/2019/12/19/make-colleges-pay-the-31-year-old-whose-company-rocketed-to-a-1-billion-valuation-helping-workers-get-degrees/?sh=7b23d69f75f6 |work=Forbes |access-date=31 March 2021}}</ref>


==Criticisms==
==Criticisms==

Revision as of 04:12, 3 July 2024

Guild
FormerlyGuild Education
Company typePrivate company
FoundersRachel Romer and Brittany Stich
HeadquartersDenver, Colorado
Number of employees
900 (2024)[1][better source needed]
Websitewww.guildeducation.com

Guild, formerly known as Guild Education, is a private company headquartered in Denver, Colorado that is employed by Fortune 1000 companies to manage their education assistance benefits.[2] Guild works for corporate employer clients to facilitate direct payment for courses to education provider clients[3][2] and offers marketing services to the education provider clients.

History

Guild Education was founded in June 2015 by Rachel Romer and Brittany Stich.[4][5]

In June 2021, Guild Education announced a strategic partnership with 2U,[6] where the latter company made its degree programs, courses, and bootcamp programs available to the corporations that employ Guild.[7] Google also made Google Career Certificates available to corporations that employ Guild.[8] In the same month, CNBC reported that Guild Education sought to profit from its expectation of automation increasing displacement of workers.[9]

In June 2022, Forbes and Bloomberg reported Guild's valuation at $4.4 billion.[10][11]

In November 2022, Guild Education reduced its office space in Denver by 50 percent.[12]

In April 2023, Guild Education rebranded as Guild, and according to Fortune, added "a new career coaching product."[13]

In May 2023, Guild reduced its staff by 12%, resulting in over 150 individuals being laid off after several rounds of restructuring.[14]

In October 2023, Guild announced that it was offering training in artificial intelligence for front line workers through its education provider clients.[15]

In April 2024, Bijal Shah was named CEO.[16] In May, Guild laid off an additional quarter of its workforce, an estimated 300 workers.[1]

Business strategy

Guild Education works for large corporations and contracts with adult education providers. It offers marketing services and receives payment from schools only when students enroll.[17] The employers also get a tax break.[18]

Criticisms

In 2018, The Century Foundation contributor Kelia Washington wrote "at best, these programs are limited in their ability to meaningfully increase college access and completion, and, at worst, they can create additional barriers for employees seeking to obtain high-quality, meaningful credentials."[19]

See also

References

  1. ^ a b Svaldo, Aldo (22 May 2024). "Education tech firm Guild lays off a quarter of its workforce". www.denverpost.com. Denver Post. Retrieved 29 May 2024.
  2. ^ a b "Managing Future Growth at an Innovative Workforce Education Startup". Harvard Business School Working Knowledge. March 23, 2021. Retrieved 26 March 2021.
  3. ^ Berman, Jillian (September 25, 2019). "Why Walmart, Disney and so many other companies are paying for their employees' college education". MarketWatch. Retrieved 15 March 2021.
  4. ^ Chuang, Tamara (3 December 2018). "Guild Education's twist on college is working for cashiers, sales clerks and others who abandoned the idea of a college degree". Colorado Sun. Retrieved 25 March 2021.
  5. ^ McPherson, Doug (October 9, 2020). "Growth at EY winner Guild Education leads to new program, acquisition". Denver Business Journal. Retrieved 6 April 2021.
  6. ^ McKenzie, Lindsay. "2U, Guild Tap Deeper Into Adult Education Market". Inside Higher Ed. Inside Higher Education. Retrieved August 1, 2021.
  7. ^ Wan, Tony (February 24, 2021). "2U, Guild Education Partner to Expand Online Education for Adult Workers". EdSurge. Retrieved 20 March 2021.
  8. ^ Greig, Jonathan (March 11, 2021). "Google relaunching career certificates, job board and scholarship program". TechRepublic. Retrieved 26 March 2021.
  9. ^ de León, Riley (June 2, 2021). "CNBC Disruptor 50 Guild Education reaches $3.7 billion valuation amid labor shortage". CNBC. Retrieved 9 June 2021.
  10. ^ McGregor, Jena. "Guild Education Reaches $4.4 Billion Valuation As Labor". Forbes. Retrieved 4 January 2024.
  11. ^ "Guild Education Reaches $4.4 Billion Valuation". www.bloomberg.com. Bllomberg Technology. 2 June 2022. Retrieved 4 January 2024.
  12. ^ Tracy, Kate. "Edtech unicorn drops half its office space in tallest Denver building". Denver Business Journal. Retrieved 12 May 2023.
  13. ^ Hinchliffe, Emma; Crowley, Kinsey (12 April 2023). "34-year-old Rachel Romer built Guild Education into one of the world's highest-valued female-founded startups. Now, she's expanding it beyond traditional 'education'". Fortune. Yahoo Finance. Retrieved 10 July 2023.
  14. ^ Svaldi, Aldo (26 May 2023). "Denver-based education tech firm Guild eliminates 172 jobs". Denver Post. Retrieved 26 May 2023.
  15. ^ McGlauflin, Paige; Abrams, Joseph. "An education startup used by Walmart, Hilton, and Disney wants to close the AI skills gap for frontline workers". fortune.com. Fortune. Retrieved 9 December 2023.
  16. ^ Alvarez, Alayna. "Spotlight: Meet Guild's new CEO, Bijal Shah". www.axios.com. Axios. Retrieved 24 April 2024.
  17. ^ Yaffe-Belany, David. "How to Get Rich Sending Low-Income Workers to College". Bloomberg. Retrieved 16 December 2021.
  18. ^ Wilson, Alexandra. "Class Act: This 31-Year-Old's Company Rocketed To A $1 Billion Valuation Helping Workers Get Degrees". Forbes. Retrieved 31 March 2021.
  19. ^ Washington, Kelia (October 15, 2018). "Starbucks, Walmart, and Amazon Offer "Free" College—but Read the Fine Print". tcf.org. The Century Foundation. Retrieved 23 February 2022.
Retrieved from "https://en.wikipedia.org/w/index.php?title=Guild_Education&oldid=1232321933"