Thread regarding Cengage layoffs

Massive losses for FY20

The slide deck just went out and it’s ugly. Very ugly. Loss of $917 million for the year. Update those resumes.

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| 5871 views | | 42 replies (last July 2, 2020) | Reply
Post ID: @OP+15vmuvpp

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Impairment of goodwill could refer to the free CU access we provided in order to get push the merger and gain the support of profs

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Post ID: @1fmm+15vmuvpp

Seems a large chunk of the ($917) loss for Q4 is attributed to the $768m "impairment of goodwill"? Not sure what that means?

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Post ID: @snh+15vmuvpp

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