As previously disclosed, on May 11, 2026, Coursera, Inc. (the "Company," "we," "us," or "our") completed its combination with Udemy, Inc. ("Udemy"), pursuant to that certain Agreement and Plan of Merger, dated as of December 17, 2025 (the "Merger Agreement"), by and among Udemy, the Company, and Chess Merger Sub, Inc., a wholly owned subsidiary of the Company ("Merger Sub"). Pursuant to the terms of the Merger Agreement, Merger Sub merged with and into Udemy (the "Merger"), with Udemy continuing as the surviving corporation and as a wholly owned subsidiary of the Company.

In connection with the Merger and the Company’s previously disclosed integration and synergy plans, on July 6, 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 Company estimates it will incur expenses of approximately $8 million to $11 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 third and fourth quarters of 2026. 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 2026 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.