Thread regarding Cengage layoffs

New COO

Why is one of the private equity owners suddenly taking on COO? Preparing to liquidate the company now that the merger is not likely?

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| 2161 views | | 4 replies (last April 30, 2020) | Reply
Post ID: @OP+14GzdKSt

4 replies (most recent on top)

Seems like his mandate is to wind down the company and liquidate the remaining assets for private equity investors.

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Post ID: @3uvq+14GzdKSt

Whatever his mandates are, they won't end well for anyone but him.

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Post ID: @3vdi+14GzdKSt

What are his mandates for those of us who don't work there?

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Post ID: @2chb+14GzdKSt

Did you read the announcement and see what his mandates are? That explains it quite well.

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Post ID: @1iqv+14GzdKSt

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