Anyone know if there are more layoffs coming? If so for which department and when? After the first Friday we seem to be doing a lot better in terms of money. Is this real since Pearson is down almost 15 percent?
6 replies (most recent on top)
@bqux+17tk8UZl Disruption is working! That or massive layoffs and Kermit tipped off his Wall Street buddies.
Cengage stock is at $5.25 now, up from it’s recent $4.50. Pearson and McGraw are both down.
How long have some of you worked here? Because there have been layoffs here every single year going back to at least 2008. Every. Single. Year. The answer to “Are layoffs coming at Cengage this year?” is always yes. Always.
I’d guess some reorg will happen either by the end of the month or in the new year.
1st reply either doesn't work at Cengage, didn't bother to join First Friday, or lives in the world of "alternative facts"
Its going to be just as bad or worse as Pearson. The cash situation has changed a bit because declining sales or not, we're collecting money due to fall starts.
Pearson at least has virtual schools to soften the hit. We do not.