Cengage Layoffs

Topics regarding layoffs at Cengage

Glassdoor

From a review... "Employees are "encouraged" to give good reviews to balance out the bad, especially just before CEO is announced as Glassdoor's Employees' Choice Award and being named Best Places to Work. Both are far from accurate."

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Post ID: @10EKsYjO

No layoffs at Cengage?

Layoffs are uncommon at Cengage!?! Completely false. Endless layoffs have been the norm at Cengage ever since Hansen took over. He is the angel of death.

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Post ID: @10xoazVz

Q1 Earnings a Disaster

Q1 earnings were a disaster as predicted. Dig through all the nonsense in the earnings call deck and you'll find the company lost $65 million for the quarter. Far more alarming is the amount of cash Cengage is burning through. The company has $170... —  read more 

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Post ID: @10q1OlfS

Cengage will end up being a shell of what it is now

Cengage has some great content but the problem is the online platforms are kind of stuck in 2005. SAM was always a cash cow because it did what it did better than anything else at the time and back when it started most of the A+/MCSE post recession... —  read more 

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Post ID: @10pjiz9B

Q1 Earnings Call Scheduled for 8/7

I wonder what litany of excuses Michael will use to explain away what is sure to be yet another money losing quarter? Timing of purchases? Shift to digital? Piracy? Declining enrollment? But don't worry children, Cengage Unlimited is an unqualified... —  read more 

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Post ID: @10k15AFN

Uh oh, now the feds want in on the action

Uh oh, looks like the McCengage mass higher ed toxic pollutant may get banned via the Feds... Dark days for fearless leader https://www.insidehighered.com/digital-learning/article/2019/07/30/cengage-and-mcgraw-hill-merger-faces-growing-opposition

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Post ID: @10jbxnOX

Transition Team Updates....

Okay what’s the word on who is staying/going when McCengage is official? Other than hearing Cengage Westerners needing to start looking how is sales going to land? Will DoS still be around or SVP? Will one of those be collapsed? KAMs? Inside sales... —  read more 

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Post ID: @10gP79cC

What about Cengage culture?

Have any of you ever noticed how glaringly obvious that Cengage employs mostly white women of child bearing age? Have any of you noticed there are about 6 african americans and at least 30 latinx? Have any of you noticed there are very few men and... —  read more 

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Post ID: @10fKwHEK

From a recent Glasdoor review

"The payscale has absolutely no transparency (even my supervisor doesn’t know what the pay range of my position is, let alone me), and raises, which have been capped at 1% a year for at least the last five years, were cut to 0.5% this year. (2019)... —  read more 

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Post ID: @10aPjtaW

Cengage Author fallout

I know it's been super tight lipped lately. Has anyone seen fallout from authors experiencing revenue drop from CU implementation?

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Post ID: @101TroyZ

Severance is not a guarantee!

I've been at this a long time, trust me these companies don't have to offer any severance, in fact most likely you will not see a severance since this isn't a simple layoff, this is classified as a merger. Nowhere in any labor law does it state... —  read more 

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Post ID: @100I6iZw

New HQ

https://blog.cengage.com/cengage-boston-has-a-new-home-in-the-hub/ How does everyone in Mason, Clifton Park and Farmington Hills feel about the free gym, beer tap, wine fridge and snacks? We’re not getting too many PERKS, PERKS, PERKS! out here in... —  read more 

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Post ID: @ZZZvJwd

Chicago District Manager position

I'm a manager for a uniform company in Chicago and manage several hundred reps. I'm being recruited by mcgraw hill and cengage learning and I find it odd they would reach out to me. I have no experience in software or books and even brought this up... —  read more 

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Post ID: @ZUhid4Q

Far and Wide

Ever notice how on any digital platform, even here anyone getting anywhere remotely to the truth will always have the post deleted. The grasp of this c u l t of c en g ag e is spread throughout like a cancer. Good riddance when it finally implodes.

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Post ID: @ZLYFRUD

Rejoice!

The Great and All Knowing MH has been named a “top CEO” again! Salute your Teutonic master and guzzle the kool aid!

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Post ID: @ZDKPGR1

K-12 Business

Anyone have any ideas how the K-12 side of things (NGL) will be handled?

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Post ID: @ZD5v78z

Transition Teams

How many are there? Guess if you’re on one you have job security, otherwise watch out.

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Post ID: @Zyd6fhI

Bonus

What % are bonuses this year?

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Post ID: @ZvJZQVP

Impacted by another reorg

https://www.prnewswire.com/news-releases/cengage-named-a-cincinnati-top-workplace-for-2019-300863264.html Seriously???

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Post ID: @ZqJmlic

Denial

Talked to some of my former Cengage colleagues, and they all seem to believe they’re protected from job losses due to the fact that MH will be running the combined entity. Is this the general sentiment? It seems shockingly naive to me given what the... —  read more 

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Post ID: @ZoNfsLA

Just announced!

Pearson to lay-off 40% sales force Monday. Just imagine all the obsolete cutie pies hitting the job boards at once!

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Post ID: @ZkXSYXt

The real motivation behind the merger

MH can't get paid if his stock keeps declining in value. From the FY19 annual report: "We adopted an equity incentive plan (the “2014 Equity Incentive Plan”) for certain employees, officers and directors of Cengage, as approved by the Bankruptcy... —  read more 

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Post ID: @ZkkCjiC

FY2019 earnings

FY 2019 earnings are a disaster. Dig deep into the report and you’ll find a net loss of $97 million. Yet CU was a success!? The scary part is we haven’t seen the bottom of the market yet....not even close.

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Post ID: @Zj9i9gl

Q2 Not Looking Good

Let's hope things pick up in the next couple weeks. Lots of eyes on how things look so far. Anyone else bracing for a pre Q3 reorg?

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Post ID: @Zhn6xTW

Slimming the two mirroring entities into one

Once the merger is finalized, they will be taking two entities that mirror each other organizationally in sales, marketing, product and back office functions and slimming them down to one. How they plan to execute this is anyone's guess, but I think... —  read more 

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Post ID: @ZcWzL58

District manager position

I'm on second round of interviews for district manager position in Colorado. Can anyone give me insight into how new merger will alter the landscape? Coming from pharma, new to publishing.

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Post ID: @Zcr0euj

150 McGraw employees let go last week

A friend who works in McGraw's Columbus office told me 150 people in his building were cut last week. Sounds like they are starting to slash the workforces ahead of the merger. Could be a long summer

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Post ID: @ZbgPM0p

The Onion gets it

https://local.theonion.com/agile-dynamic-company-able-to-respond-to-any-challenge-1834644833

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Post ID: @Z2xyEGG

3 criteria

There will be 3 criteria when making decisions about who stays and goes 1) cutting as many costs as possible 2) cutting as many costs as possible and 3) cutting as many costs as possible. Michael and his lieutenants will be ruthless in slashing the... —  read more 

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Post ID: @Z0Jsk67

What is everyone hearing?

Are there layoffs coming soon, or are they waiting until the merger is finalized next year?

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Post ID: @YWCrQMi

Flat revenue and above guidance EBITDA

https://news.cengage.com/corporate/cengage-unlimiteds-first-full-academic-year-shows-significant-success-with-students-drives-companys-full-year-financial-performance/ I can't believe it. —  read more 

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Post ID: @YKTzLNQ

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