Thread regarding Cengage layoffs

Cengage to merge with McGraw Hill -- new company to be named McGraw Hill

https://www.wsj.com/articles/mcgraw-hill-cengage-plan-all-stock-merger-11556683590

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Post ID: @YQ7z094

14 replies (most recent on top)

This ‘College Meltdown’ blog is so stupid. Who is this guy? Does anyone visit this blog??

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Post ID: @YQ7z094-2hqm

The merger is part of the College Meltdown.

http://collegemeltdown.blogspot.com/

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Post ID: @YQ7z094-2htq

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.

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Post ID: @YQ7z094-1wci

@YQ7z094-1wwm Yep, cutting labor is now a significant opportunity... gotta love corporate america. MH is eurotrash filth and we all know it.

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Post ID: @YQ7z094-1jsy

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.

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Post ID: @YQ7z094-1wwm

Now MH can destroy two companies and get filthy rich doing it.

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Post ID: @YQ7z094-lzn

Don't worry 'best version' Kristy Weinstein will save us...

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Post ID: @YQ7z094-vor

Why did they pick the less capable one to be CEO? SMH

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Post ID: @YQ7z094-wcj

"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."

Haha....right....

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Post ID: @YQ7z094-mmb

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.

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Post ID: @YQ7z094-kki

Once again eurotrash girlie escapes scrutiny... McUnlimited here we come...

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Post ID: @YQ7z094-cla

$300 million in cost savings....I wonder how that will be achieved?

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Post ID: @YQ7z094-dwv

https://www.thelayoff.com/t/YQBJTIs

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Post ID: @YQ7z094-ptc

and the show begins

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Post ID: @YQ7z094-pny

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