Cengage Layoffs

Topics regarding layoffs at Cengage

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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| 180 views | |
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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| 519 views | |
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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| 407 views | |
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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| 502 views | |
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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| 501 views | |
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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| 524 views | |
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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| 508 views | |
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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| 657 views | |
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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| 632 views | |
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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| 542 views | |
Post ID: @YKTzLNQ

Big news coming

With the big news coming in a few weeks the will be really large reductions and reorganize. Hold on to your hats.

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| 1177 views | |
Post ID: @YJkjoNV

Cengage, the Confederacy of Dunces and wanton buffoonery

How is it NOT possible MH modeled himself after one of the effeminate guards from the old comedy show Hogan's Hero's? He has the accent, the crisp pants with the stripe down the side, the peculiar attention to correct consonant enunciation, the... —  read more 

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| 683 views | |
Post ID: @YD7DasQ

Mason cuts?

I heard there were cuts in Mason last week. Can anyone confirm?

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| 297 views | |
Post ID: @YAARHHI

Phony Glassdoor award

I know of several people who have had their negative reviews of Cengage removed from the Glassdoor site. These reviews were initially reviewed and posted, and then mysteriously removed within a day or two, so it's not like the reviews violated any... —  read more 

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Post ID: @YtlBYbU

Q3 Earnings

Q3 earnings slides are out, and it’s another disaster. 13% revenue decline with every sector of the business down over prior year. But of course Cengage Unlimited is an unmitigated success! MH is a joke and needs to be run out of the company... —  read more 

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| 1177 views | |
Post ID: @XDKYtj6

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