Thread regarding Laureate Education layoffs

Revenue down 19 percent. Sale of AUS, NZ businesses

What's left?

Fourth Quarter 2020 Highlights (compared to fourth quarter 2019):

• On a reported basis, revenue decreased 19% to $285.2 million. On an organic constant currency basis1, revenue decreased by 13%.
• Operating income for the fourth quarter decreased by $20.4 million, or 36%, to $36.9 million.
• Net income (including Discontinued Operations) for the fourth quarter was $379.0 million, primarily attributable to the gain on sale of the Company's Australia and New Zealand businesses within Discontinued Operations, as compared to net income of $60.6 million for the fourth quarter of 2019.
• Adjusted EBITDA for the fourth quarter was $90.6 million, as compared to $99.4 million for the fourth quarter of 2019. The year-over-year change included an $8.9 million unfavorable impact from foreign currency translation.

https://www.sec.gov/Archives/edgar/data/912766/000110465921027846/tm217253d1_ex99-1.htm

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"More rightsizing"

Laureate’s Operational Priorities for 2021

• Continue to deliver high-quality post-secondary education in Mexico and Peru at affordable prices where Laureate students benefit from superior outcomes, while at the same time leveraging Laureate’s strong brands, industry leading infrastructure, innovative offerings and strong digital capabilities to grow its institutions and enhance operating efficiencies.
• Implement return-to-campus strategy at all institutions when appropriate and safe.
• Further rightsizing of Corporate G&A infrastructure.
• Close the pending sale transactions for Walden, and for Laureate's operations in Brazil and Honduras.

https://www.sec.gov/Archives/edgar/data/912766/000110465921027846/tm217253d1_ex99-1.htm

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