McGraw-Hill details 'significant' savings after Cengage merger, including job cuts

McGraw-Hill details 'significant' savings after Cengage merger, including job cuts

A report for investors issued by McGraw-Hill has said that $285-$370m in annual cost savings over three years has been identified across McGraw-Hill and Cengage when they form a combined company, with 65%-67% of that sum made up of “labour savings.”

Labour cost savings would be driven by consolidation of sales and go-to-market organisations, the report stated. Corporate cost savings, driven by a reduction of duplicative roles across the two organisations, would also be made.

Product savings driven by editorial and production synergies, and real estate savings driven by the consolidation o...

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