I heard 150 McGraw employees in Columbus - a quarter of the building - were let go last week. That’s from someone inside the building.
They are not waiting around to start the strip part of the strip and flip.
If reorgs and layoffs are a part of life at Cengage under Michael Hansen, what do you think is going to happen when he becomes emperor of McGraw? He’s going to start swinging the axe and won’t care if you were previously at Cengage or McGraw. It’s going to be McCengage Layoffs Uber Alles.