9mo
Thank you for taking the time to share your perspective and for your more than five years of contributions at Cengage Group.
As a for-profit company, we must evolve in ways that help us better serve customers, remain competitive, and manage costs responsibly. We also have an obligation to our shareholders to optimize results — just as most retirement and 401(k) funds invest in companies like ours with the expectation of sustainable returns. Balancing the needs of customers, employees, and shareholders is essential for our long-term health.
We recognize that change can be difficult and that valued colleagues have been impacted. While we do leverage global talent, we are committed to doing so thoughtfully, with a focus on preserving expertise and continuity. At the same time, we continue to encourage creativity through our investment committee model, which allows employees across the organization to bring forward and fund new ideas — whether AI-related or otherwise.
Finally, we emphasize inclusion and belonging hand in hand with a merit-based culture. As our Credo states, we are responsible to and for each other. Our Employee Resource Groups remain vital to fostering this culture, and we are committed to supporting them as we move forward together.
— Michael Hansen, CEO
