Thread regarding Cengage layoffs

Q3 Earnings

Greetings,

I am happy to share in Q3 Cengage Group's top line income and EBITDA both saw significant growth. This was due in part to several factors including the unmitigated success of our digital growth strategy, the implementation of Project Horizon as well as Cengage Group being recognized as a Top 100 workplace.

As Project Horizon has not yet been fully executed, we can confidently increase our full year earnings guidance. While many of our former colleagues have already been promoted to personal CEO, we are in the process of identifying many, many additional associates who no longer fit our Cengage culture. Additionally, we continue to expand our international operations into India, Somalia and other developing countries with populations excited to work for a Top 100 employer.

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| 1011 views | | 3 replies (last February 12, 2024) | Reply
Post ID: @OP+1qYGwrTr

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Well I’m very close to being my own CEO now, ha ha! There are a lot people that don’t “show up” or “report in daily” and ending WFH will not stop this. I literally do a demo or two a day and make 150 to 200 calls a day and all of this takes me less than three hours in a seven hour work day. I take an hour lunch most days instead of a half hour. Most of my cohorts take that and more, close to two hours. When I get to Friday there is little to no work to do. I can reach out to professors, administrators and bookstores, all that is in my book in about 2 1/2 weeks. Nobody wants a Demo. Bookstores are consolidated, I can reach five to ten school bookstores in one call most of the time. So most of my days are quick and easy. I hope it doesn’t end but if it did, I can understand why, ha ha!

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Post ID: @4pot+1qYGwrTr

This post is absurd!

Straive doesn't have an office in Somalia.

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Post ID: @hqh+1qYGwrTr

The sales force culling won't begin until May, they will let the cenforce try to pull in new revenue until then. Both inside and outside sales will be impacted. Outside territories will be expanded geographically, while Inside responsibility lists will grow longer and almost double for some. The spring 2024 hunting season will not be the final downsizing in sales, but it will be substantial.

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Post ID: @oyt+1qYGwrTr

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