Hearing rumors that there is going to be an announcement Friday about the transition. Does anyone know what its going to be?
Topics regarding layoffs at Cengage
I need to reach out to anyone with advice who has information about the climate at Cengage Learning and McGraw-Hill and have been unable to get a straight answer. I've been given a great offer for a district manager position in the western united... — read more
Heard anything on the Transition Teams go forward post-merger plans?
So I ended up with a 10% increase in CU but flat activations and my overall revenue decreased around 30%? I'm in a Western mountain state. How did everyone else end up?
And the mission is NOT to make as much money as possible....it is to change student outcomes. That’s pretty cool, and it requires a special kind of person to work here. It requires passion and caring for more than just what the profit was last... — read more
My numbers are pretty much in and cu is up 25% but overall revenue is down 30% in my territory. Anyone else seeing the same?
Just for fun, I went back and looked at the company's revenue going back to 2016: 2016: $1.656B 2017: $1.474B 2018: $1.467B 2019: $1.460B That's a decline every year, and a 13% decline from 2016 - 2019. Also, the company recorded a net loss... — read more
Thinking back....remember when Michael's handpicked product chief boasted that we were going to "delight the student"? That MindTap was going to offer so much value that students would be throwing money at us because they couldn't do without it... — read more
When will layoffs begin? Why was the NES pushed out to February?
I now work for a competitor. CU is a joke. It never comes up in competitive sales situations, because faculty see right through it: a cheap money-grab that ends up with students paying $120 for access to an eBook! Normal eBooks are about $40, and... — read more
Bankruptcy or the merger?
CU units are higher but in direct correlation revenue is down for my territory. go figure,
"Thank you for your service during the past 5+ years. I agree, we do have many extremely passionate people who work at Cengage and do amazing things for students, globally, every day. As we continue to make changes to transform our company and... — read more
I am a good and loyal Cengage employee. I choose a smaller salary because I want to save students money and improve their outcomes. I live and breathe the Credo. I put work in during nights and weekends because my team has shrunk. I am passionate... — read more
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."
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.
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
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
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
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
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
"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
I know it's been super tight lipped lately. Has anyone seen fallout from authors experiencing revenue drop from CU implementation?
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
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
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
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.
MH or TM? Who will over see McCengage sales?
The Great and All Knowing MH has been named a “top CEO” again! Salute your Teutonic master and guzzle the kool aid!
Anyone have any ideas how the K-12 side of things (NGL) will be handled?
How many are there? Guess if you’re on one you have job security, otherwise watch out.
What % are bonuses this year?
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
Pearson to lay-off 40% sales force Monday. Just imagine all the obsolete cutie pies hitting the job boards at once!
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
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.