Greetings,
I was reviewing the previous quarterly report and presentation, and Cengage has made some smart moves that will stabilize the company.
The focus remains steadfast on the implementation of the new resource model, a strategy that holds immense potential, particularly with the significant expansion of offshore labor.
Also, streamlining technology makes sense. Most professors want Canvas anyway. Cengage's greatest asset has always been its content, but the industry has shifted with the emergence and refinement of OER. This has been discussed here before, but it would seem to me that Cengage's main strength is setting up courses and justifying institutions' historically large technology budgets.
The company has begun to generate small profits, rebuild cash reserves, and pay off debt. Streamlining the company by scaling resources stateside down will no doubt continue.