Coursera Inc.
11/10/2026 | Press release | Distributed by Public on 11/10/2026 07:06
Reorganization (Form 8-K)
Item 2.05 Costs Associated with Exit or Disposal Activities.
As previously disclosed, on May 11, 2026, Coursera, Inc. (the "Company," "we," "us," or "our") completed its combination with Udemy, Inc. ("Udemy"). In connection with the merger with Udemy (the "Merger") and the Company's previously disclosed integration and synergy plans, on November 9, 2026, the Company committed to a workforce reduction plan intended to align its cost structure, operating model, and personnel needs with its business objectives and operational priorities.
The workforce reduction plan is expected to result in the termination of approximately 10% of the Company's global workforce. The Company estimates it will incur expenses of approximately $14 million to $17 million in connection with this workforce reduction plan, consisting primarily of termination benefits to the impacted employees, including severance payments and healthcare benefits. We expect substantially all of these charges to be cash expenditures incurred during the fourth quarter of 2026 and the first half of 2027. Stock-based compensation expenses associated with the workforce reduction plan are not expected to be material.
Potential position eliminations are subject to local law and consultation requirements, which may extend this process beyond the first half of 2027 in certain cases. The charges that we expect to incur are subject to a number of assumptions, including local law requirements in various jurisdictions, and actual expenses may differ materially from the estimates disclosed above.
The workforce reduction plan described in this Current Report on Form 8-K is limited to the actions and estimated costs associated with that plan. As previously disclosed, the Company is also pursuing broader operational efficiency and synergy initiatives in connection with the Merger that may result in additional costs and benefits beyond those described herein. The Company will provide disclosures related to costs associated with such initiatives in future periodic reports, as appropriate.
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