Degree enrollments slowdown in the US, headwinds for Consumer and Business in Europe.

Despite assurances of sustained instructor earnings, Udemy’s policy changes delivered a $30 million pay cut, sacrificing creator income to bolster its stock value.

Online course platforms closely track their learners. And things have gotten worse over the past two years.

On April 9, shareholders of both Coursera and Udemy voted to approve the merger. The votes weren’t close. At Coursera, 99.4% of votes were in favor of issuing new shares to complete the acquisition. At Udemy, 99.9% voted to adopt the merger agreement. Out of more than 228 million shares that voted across both companies, fewer than 500,000 voted against. Coursera shareholders also approved doubling the company’s authorized shares from 300 million to 600 million, which is needed to issue the sto