I haven't heard any rumors in a while, which should be good but it's just making me nervous. Are we safe currently or is this just the calm before all he-l breaks loose?
11 replies (most recent on top)
@em I heard the IPO will happen end of 2028, so I expect the next big round of layouts to happen in June of 2029. Guess we’ll just have to watch and see. Good luck!
maybe this is wishful thinking, but the biggest round of layoff could happen around april 2027, Q1, beginning of FY28
Executives have 2 weeks until July 15th to make any more changes. Layoffs and any changes are done they have run out of time, S1 is way to close. After the July Vegas meeting the Executive Team will go so silent. So Silent that you will think they have departed the company, but actually directed to Shut the F**K up and not disrupt the IPO.
so no layoffs coming from now till November and most likely not until 2027.
More deflection. The IPO is moving forward and they are currently cleaning up all financials and around August 10th to the 20th they will be locking financials for the S-1 filing.
1.Confidential S‑1 filed
2.SEC Review Round 1
3.SEC Review Round 2
4.Financials locked
5.Public S‑1 filed
6.Roadshow
7.IPO day
*** Cengage is currently between Step 3 and Step 4.
If you are on the First Friday call right now... you can hear the BS coming from MH, DT, and KT. Oh Yes! they want to Pay us but they don't. But they will figure it out, just trust them. and Cengage out performed all the competition! Yea okay if you say so.... Deflect Deflect Deflect.
@dn LT in a coffee chat said it yesterday. Plenty of ppl on the call heard it.
@dn they clearly don’t know. In one post,the IPO is imminent and now it’s pushed to 2027? This is like watching Fox News report on when the war in Iran will be over. What a waste of time reading some of these misinformed posts.
@bz how do you know this? i suppose layoff may happen pre and post IPO.
@aa IPO being pushed to 2027
Greetings,
While layoffs may occur at some smaller firms, Cengage is on the verge of an IPO, which will bring myriad opportunities, disruption, and change for loyal employees.
The ability to accurately scale resources is paramount for a bleeding-edge tech concern preparing to enter a new and exciting chapter. The leadership team's ability to do this is what has kept current employees, fresh faces, and ideas clamoring for the opportunity to apply for open positions at Cengage.
Let me be clear: Cengage would not consistently score highly on employee engagement surveys, nor would it be a Glassdoor top place to work for multiple years in a row.
The commitment to data-driven employee engagement and trend forecasting will ensure the workforce is ready to meet market demand.
There will be more layoffs. But they’re also making sales quotas unattainable and giving almost zero increases to drive people how. Good way to avoid severance payments.
A lot of the h*ll has already broken loose, I'd say. With the IPO looming, I'd expect very little to change in the coming weeks.