Just what the title says. 150 roles were eliminated last week alone.
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"Sharepoint has the receipts. 149 made redundant"
Yes, I got this number from Sharepoint. Any internal employee can look at this list.
Greetings,
I ran out of jokes ages ago and the insights ran dry long before that, so blah blah blah blah - this is funnier than SNL, right? Right???
Full Stop!
Sharepoint has the receipts. 149 made redundant, and does not include those who have to stay to transition to offshore teams to collect their entitlements from redundancy. Which I think is particularly cruel
So much noise here recently, difficult to determine if this could be true.
The leadership team is as clueless as rfk taking a dip in a cesspool.
Greetings,
Another thing I have mentioned in the past is that reading the 10 K filings and paying attention during the investor calls can give you a lot of information.
Even if you don't know how to read an earnings statement, or in Cengage's case, a losses statement, the layoffs - past and upcoming, are usually there in black and white.
Maybe I will start doing analysis of these once again.
Full Stop!
Greetings,
While reducing headcount is always difficult, the statement that these roles were eliminated is as false as a Trumpian fact.
The leadership team has decided that a strategic realignment was necessary to meet our customers' needs better.
While this did include a slight reduction in resources, our balance sheet remains strong, and we also plan to add several roles to our overseas offices.
At Cengage, we strive to build a diverse and equitable workforce that values the contributions of all employees.
It is time for those at Cengage to get on the train and embrace the changes and challenges head-on.
For those former members of the Cenforce who have been given the gift of becoming their own CEO, I urge you to take the skills you have learned while being employed at the top Ed-Tech company and become a disruptor!
Full Stop!
Yes, some roles will be eliminated after May 09 (through the end of May).
Ki-l-list so far: 159
April 27, 11
may 4, 148
More to come I'm sure