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The pandemic ushered in a “new normal” in online learning, but it culminated in layoffs and stock drops.

Source: Udemy Investors page The merger is complete. That too, months before its second-half 2026 target. After three failed attempts and five months of regulatory and shareholder review, Coursera and Udemy have finally combined. Now comes the restructuring, the platform integration, and some unanswered leadership questions. The all-stock deal was first announced on December 17, 2025, and approved by stockholders on April 9, 2026. Each Udemy share was exchanged for 0.8 shares of Coursera. Udemy

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As growth falters, Coursera slashes revenue forecasts, ousts its Chief Revenue Officer and Chief Operating Officer, and suffers a record-low stock price.