Hello everyone! I’m excited to share that we have more than 40 million students who have access to over 30 million minutes of content on Udemy. More than 50,000 instructors are teaching 130,000 courses in over 60 languages. There have been over 245 million course enrollments to date. Our students and instructors come from 190+ countries and 2/3 of our students are located outside of the U.S. We also have over 4,000 enterprise customers and 80% of Fortune 100 companies trust Udemy for employee upskilling.
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This sounds great....but....
Can you provide a further breakdown of the 2/3 that are from outisde the US? What percentage of that 2/3 is from countries where our courses are deeply discounted??
If most of that two-thirds comes from locations where my already-grossly-discounted courses need to be further-discounted in order to make sales (per the new pricing strategy), I worry about the impact that the new variable pricing is going to have on my bottom line.
Hey @Anonymous, I'm not able to share a breakdown of where our students are located. This shifts frequently. However, I can share that our students come from all over the world; our company is truly global, and we have students from Australia, Europe, Latin America, Japan, and so much more.
I suspect that number reflects employees that have purchased. It would be great (and impressive) if that 80% were all actually UFB customers, but I'd be surprised. Hopefully @JocelynH can surprise me...
I am very sure that the 80% of Fortune 100 companies are UFB clients. If an individual purchases a course independently, Udemy does not know who they work for.
Come on, Man! You think Udemy is going through emails to find corporate email addresses?
Notice that this is one sentence: "We also have over 4,000 enterprise customers and 80% of Fortune 100 companies trust Udemy for employee upskilling."
Lawrence.... A simple export of their student database would require 10 minutes of labor to execute. It would take another hour to manually execute 100 searches for email addresses from a list of Fortune-100 companies.
Really, man...It would take less than 2 hours overall. Seriously.
And I'm not saying that's the case. I'm saying it's far, far, far easier to do than you seem to think it is. If you automate this stuff with a database query, it could literally take MINUTES.
If they actually have 80% of all Fortune-100 organizations as clients, that would be AWESOME - but it's just as likely they have users enrolled from each of those organizations, rather than having them signed on as organziational clients.
Hence, the reason for the question being asked.
I think the sentence is very clear the way it is written. It is 80% of "companies trust", not random individuals. Anyway... it isn't worth debating. It is what it is and its all good.
If it's not worth debating, why are you debating me? The sentence would be far more clear if it said "80% of Fortune 100 companies are UfB customers" - but it doesn't say that.
What does "80% of Fortune 100 companies trust us" mean, exactly? Do they trust Udemy enough to allow Susie in IT to sign up for a single course? Does it mean that they signed on as a UfB customer?
Interpretation... this is why the question was asked....
I'm not a customer of Udemy. I'm supposed to be a "partner". Marketing speak such as "80% of Fortune 100 companies trust us" doesn't work for me. I want data and concrete phrasing.
From Jocelyn below.
“The 80% number includes organizations where Udemy for Business is the corporate learning solution for the entire company, companies who have purchased Udemy for Business for specific teams, and organizations where at least 100 employees are learning workplace skills on Udemy.”
So... what Lawrence said, as very often the case.
Larry indicated that he was "very sure that the 80% of Fortune 100 companies are UFB clients."
Per Jocelyn, we now know that "80% trust Udemy" does not equal "80% are UFB clients", which is what the concern was - and why the question was asked.
Hey @StephaneMaarek, Udemy believes in offering companies and individuals diverse and flexible solutions to get the skills they need; these offerings include our enterprise and team solutions through Udemy for Business as well as bulk and individual purchases of marketplace courses.
The 80% number includes organizations where Udemy for Business is the corporate learning solution for the entire company, companies who have purchased Udemy for Business for specific teams, and organizations where at least 100 employees are learning workplace skills on Udemy.
Some people are so negative.
You have to let whatever biases you have against Udemy go. You're wasting your own time posting here if you have such a negative opinion of Udemy.
It's not that people are negative, Scott. People rely on their Udemy income to make car payments, mortgage payments, and to cover other important life expenses. Udemy doesn't have a stellar record when it comes to changes, so when they are rolled out/introduced in a clumsy manner, people get concerned. That's not being negative.
To be completely honest, I see no evidence of ANY negativity in this thread whatsoever. Just people trying to get clarification on some "less than clear" statements.
If this forum is intended to be for cheerleaders only, Udemy should state that. Until then, I don't see anyting wrong with having hard discussions and raising real issues here. Is that not what a forum is for?
To Udemy's credit, they are listening to us. Our reactions and our questions are being consulted on by the team responsible for these changes. So, I think our questions and our concerns, all of which are legitimate, are resulting in consideration in their decision making.
It's all good.
Great, but the 10 mil+ increase has not resulted in increase of revenue (in fact i am seeing the reverse). i have seen most other instructors complain recently except for those who have already been making thousands. Do yo expect change to this downward trend soon?
Very inspiring statistics, meaning I am a member of a very big family. I am proud to be a member of the Udemy Family or Brand. JocelynH, thanks for taking your precious time give us this inspiring statistics. Keep it up!