I'm always seeing news articles about company layoffs but for some reason not these.
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@11LyXjlW-1esn If it's not yet abundantly clear to you by now, MH and his executives don't care about you. Cengage is composed of a clique of leadership who went to the same elite schools, worked at the same consulting companies and have been at the top echelons of ed publishing for a while now. Their goal is to cash out the company in a merger so they can clear 7 and 8-figure bonuses that they can go blow on summer homes in the Hamptons and Martha's Vineyard. They don't care about some marketing manager who went to Western Kentucky and worked their way up from a summer internship. You're just a cell in a spreadsheet to them.
Did any of the executives or the CEO take a pay cut to accommodate for these cost reduction efforts? They made the misinformed investment decisions and the hard working employees get to pay with their livelihood.
5,000 * .25 = 1250 positions eliminated globally
Cengage aren't transparent about how many people are being laid off (I'm a journo). How do I get the numbers?
The media doesn’t care unless it’s like a thousand GM factory workers getting marched out. 14 people getting cut in Mason doesn’t grab headlines, unfortunately, even thought it’s just as devastating to workers and their families.
Companies are trying to keep layoffs out of news by limiting the number of layoffs per location per 30 days. By doing this they do not have to report to Dept of Labor. Personally I think the reporting requirements should change so that the location is no longer a factor. There are too many companies that shift the location by moving peoples to working remotely.
I would think that local news outlets would carry it in the affected cities. Haven't found anything.
Cengage is a pretty small company relatively speaking. It’s not in the Fortune 500 and isn’t a recognizable brand to most people.