14 replies (most recent on top)
This ‘College Meltdown’ blog is so stupid. Who is this guy? Does anyone visit this blog??
The merger is part of the College Meltdown.
From Inside Higher Ed: "There is a lot of overlap not only in the companies’ content but also in staff positions and multiple office locations, particularly in the Midwest, Hansen said."
Mason and Farmington Hills....looks like you're first on the chopping block.
@YQ7z094-1wwm Yep, cutting labor is now a significant opportunity... gotta love corporate america. MH is eurotrash filth and we all know it.
MH to the investors on where the cost savings will come from:
"It is a combination of labor costs and non-labor costs in terms of we have significant opportunities, as you can imagine, for consolidation of sites, assets, platforms, digital infrastructure, et cetera."
So layoffs and more office closings.
Now MH can destroy two companies and get filthy rich doing it.
Don't worry 'best version' Kristy Weinstein will save us...
Why did they pick the less capable one to be CEO? SMH
"For the time being; it remains business as usual. We’ve only just announced the transaction and it’s too soon to say whether layoffs might result from the combination. We are committed to communicating transparently and quickly with employees as and when any decisions are made."
Michael tried to merge Cengage and McGraw right after he took over to stave off bankruptcy. Looks like he had been playing the long game all along. I can't imagine what his stock cashout is going to be once he strips and flips the new company.
Once again eurotrash girlie escapes scrutiny... McUnlimited here we come...
$300 million in cost savings....I wonder how that will be achieved?
and the show begins