Thread regarding Cengage layoffs

Cengage Announces "Significant Streamlining" of Company Beginning Summer 2019

In this morning's investor call, held 7 November 2018, Cengage announced plans to significantly streamline the organization this summer, once two seasons of Cengage Unlimited are complete.

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Keep telling yourself that while revenue plummets

Post ID: @1kojr+W1vFzVY

From the November 2018 investor call: "Looking past fiscal 2019 the one-time spend associated with the launch of Cengage Unlimited will be eliminated and we’ll be able to simplify our organization to better support the growth of a unified platform to be leverage across the entire spectrum and discipline and across institutions. With two key selling seasons of Cengage Unlimited behind us we’ll be well positioned to streamline our operations and rationalized bandwidth fiscal 2020. Our key business lines are projecting top line growth next year and we have a clear line of sight into key efficiency actions to drive profitability in fiscal 2020 and beyond."

Post ID: @4nbp+W1vFzVY

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