In 2012, Sebastain Thrun, co-founder of Udacity, declared “In 50 years, there will be only 10 institutions in the world delivering higher education.”
If this is to come true, it seems clear that Udacity isn’t going to be one of them, not just because they’re shedding employees, but because Udacity continues to “pivot” away from education and towards corporate training, helping companies “upscale their talent” in Thrun’s parlance.
“MOOC” does not appear once in the news of the layoffs. The Udacity nanodegree job guarantee program is currently on hold, perhaps never to return.
So MOOCs aren’t going to kill higher education institutions. This disruption isn’t to be.
Bright shines toys are what make the hearts of administrators race with excitement. MOOCs were the magic something for nothing flavor of the month. There is a saying, "those things too good to be true, aren't." MOOCs weren't and now they aren't. On the way some made lots of money and others wasted many other people's time. But, as of now, it seems the wicked witch is dead. Celebrate, and remember for the next time.