Prediction: Cengage Unlimited is still an unqualified success. Full stop.
6 replies (most recent on top)
Like they say before the plane takes off, look around to find your nearest exit. It may be behind yo.u
By the way ..., Hanson singled out the soft side as being primarily to blame for the sales declines ytd. Pearson has already laid off a large chunk of their Humanities reps ... wanna guess who is next on the Cengage chopping block ... ?
Exactly! Hanson reports (another!) 6% decline but in the next breath proudly announces that they reduced their costs by a full 10%. He then goes on to look forward to the next fiscal year, when the FULL year benefit of those cost reductions will be realized... those "cost reductions" of course being everyone who used to work in San Francisco, 100's of sales reps, marketing professionals, production people. In investor-speak, this can be interpreted as good news. In the real world, the Titanic is still sliding into the depths ...
Cliff's notes version: We laid off enough people to not have a horrible quarter.
Quarterly loss of $67 million. More of the same.
another defeat MH and kool aid drinkers have wrought upon themselves. You earned it...