2021 Full year results - Look out NA Higher Ed courseware

https://plc.pearson.com/sites/pearson-corp/files/pearson/investors/results-presentations/pearson-2021-full-year-results--press-release.pdf

NA-HED Down an additional $107m
Understandable, years and years of negative sales goals, analog to digital

NA-HED Down 900k digital registrations pg3 KPI's, this is problematic and I'm reading this as lost business overall.

2022 financial expectations are also lower for us than last year, hold onto your hats folks yet another "re-alignment" in a few months.

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There absolutely will be layoffs. Higher Ed's margins are 9% and they said it will be back to mid-teens by 2025. That implies around a $100m cut in sales / marketing and overhead assuming no further decline in revenue. If revenue continues to decline the cuts will be much bigger than that.

With a new sales leader I'd expect a re-alignment regardless.
Make your numbers.
Forcing customers from physical to digital is operational austerity run amok.
Make your numbers.

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2021 Full year results - Look out NA Higher Ed courseware

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