Thread regarding Cengage layoffs

60,000 microsoft employees are looking for a job ,,, how many will come to Cengage?!?

Hiding the numbers is purposeful. They don’t want them parsed out as it’s easier for them to hide the decline. It’s why they lumped all business units together in this latest reorg. There were no more piggy banks left to raid as they bled them all dry - and on what exactly? Consultants?

A couple of years ago- they were reporting fake numbers to the PE on some business units that were recently folded into HigherEd- those useful dolts were all fired for “lying to the PE”. These PEs are clueless as to what is really going on. Lucky for us - now that we are set up this way, there is nowhere left to hide the downfall.

They are not paying out any bonus dollars on a year they are losing 40 to 100 million in sales. You are living in a fairy tale if you think otherwise.

This is why its almost November, and there is No Tableau dashboard. No sales numbers on how our old territories finished. Be happy with your paycheck

But that convertible driving clueless Microsoft Leader "SW" had the nerve to send out a Save the date for the National Sales meeting happening next Summer. what? huh? Save the date? How about you share the numbers!! Dum-Dum - B

A $100 million sales decline isn't just a headline number. Based on Cengage's revenue, that's roughly a 5.5% to 6% drop in sales. But the real problem isn't the revenue decline itself, it's what happens to earnings.

If the business operates at approximately 15% EBITDA margins, a $100 million revenue loss could translate into roughly $15 million less profit before any cost-cutting actions are taken. And if management can't remove expenses fast enough, the impact on profitability becomes even more severe.

That's why investors and executives pay so much attention to revenue trends. Revenue can decline 5% to 6%, but earnings can fall much faster if costs remain fixed.

In practical terms, a $100 million sales decline would be impossible to ignore. It would almost certainly trigger another round of cost reductions, hiring freezes, restructuring efforts, or additional headcount cuts if leadership believes the weakness is more than temporary.

The question isn't whether a decline of that size matters. It does.

The question is whether management is preparing employees for what's coming or simply delaying the conversation until the numbers can no longer be ignored.

If the business is truly trending toward a $100 million shortfall, everyone should be prepared for more cuts. That's how companies typically respond when revenue falls and profits come under pressure.

We're already hearing that the business is down approximately $40 million across K-12, Gale, NGL, Infosec, HigherEd and International. THIS IS WHY THEY WONT EXPLAIN THE POWERBI !
If current trends continue, that number could easily exceed $100 million by March 31.
When you step back and look at everything that's happened, it's hard not to see a perfect storm forming: the reorganization, multiple rounds of layoffs, employee resignations, the failed or delayed IPO process, frustrated customers, aging content, questionable leadership decisions, and what many employees view as a complete lack of a coherent strategy.
For years, employees were told that each new initiative, reorg, and leadership change would position the company for future growth. Instead, many are now looking around and asking a simple question: where are the results?
At some point, reality catches up with the narrative. Cost-cutting can only hide problems for so long. Reorganizations can only buy so much time. Eventually, the numbers tell the story.
And if the numbers end up being anywhere close to what people are reporting, it will become increasingly difficult for leadership to explain away the results.
The question will no longer be whether there was a strategy. The question is whether the strategy actually worked.
If these trends continue, I don't see how MH survives the truth when the full picture finally comes to light

Wait till you see the Q2 results which will be happening soon. last year they posted the results mid-November.

We are suppose to be getting pad out soon for our old territories, but we don't have any numbers to see how we did ....

I'm sure they will find away to post fake Q2 results and also cheat us from being paid on our old territories. Lies Lies and more Lies.

LOL what did you expect? Transparency? They are hiding everything they can and it will only get worse.