Thread regarding Wiley layoffs

"Optimization"

What does this look like on the ground?

"Our multi-year business optimization program is driving significant efficiency improvement and savings across Wiley. "

"We continue to see decline in our Publishing businesses, but we have realigned our high-demand disciplines and delivery models and see performance improvement going forward."

"Education Publishing was down 14% for the year, mainly due to the continued shift away from new print textbooks."

https://seekingalpha.com/article/4269667-john-wiley-and-sons-inc-jw-ceo-brian-napack-q4-2019-results-earnings-call-transcript?part=single

by
| 254 views | |
Post ID: @ZvGtIEB

1 reply

Acquiring Knewton certainly step in the right direction towards “realigning high-demand disciplines and delivery models”. Of course execution will be everything. While Knewton developed a great AI product it needs the academic touch as do most edTech platforms built by engineers. Time will tell.

by
|
Post ID: @ZvGtIEB-4dlp

Post a reply

: