"• On track to deliver expected $90-100M incremental cost savings over FY25 and FY26
− Actions fully executed to realize $60M savings expected in FY25
− $30-40M incremental cost savings expected in FY26"
Those "Actions fully executed"? Those are the layoffs that recently happened.
The "cost savings expected" . . . ? Those are the layoffs still to come.
The question: from where do they come?
Moist.
Just common sense. The smaller the org gets the fewer fat in the middle is needed. Those are relatively expensive heads.
@1gcy+1sXlfLPU - heard anything specific?
I would not want to be a Director, Senior Director or VP at Cengage right now. Target is on your back over the next few months.
They are running out of workers to manage so middle management is likely the next target. Cengage is too top heavy with management.
Same places as before, with perhaps a middle manager or two thrown in.