Cengage implemented a restructuring plan known as "Project Foundry," cutting approximately (24\%) of its workforce. The strategy focuses on restructuring the company into an "AI-native" organization, transitioning merchant outreach roles to AI voice agents, and coinciding with the resignation of the Chief Operating Officer.
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Yes, and I also heard the CEO has been replaced by Claude CoWork who declared the company would be broken into pieces and sold at an upcoming flash sale to the lowest bidder to ensure the lowest executive payout possible. Apollo will also be replaced by an Agentic P.E. team. All hail the mighty AI gods!
"restructuring the company into an "AI-native" organization"
Ah, this is rich! Let the AI Chit Show begin! :D