Cengage Layoffs

Topics regarding layoffs at Cengage

Friday announcement

Hearing rumors that there is going to be an announcement Friday about the transition. Does anyone know what its going to be?

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Post ID: @11rqCjCS

District manager optty

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 

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Post ID: @11qgzQaU

Transition Updates

Heard anything on the Transition Teams go forward post-merger plans?

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Post ID: @11pl4cX2

CU totals

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?

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Post ID: @11jD0QRU

This is a mission based company

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 

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Post ID: @11foKEdi

Not a pretty picture

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?

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Post ID: @117kfEI0

Revenue

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 

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Post ID: @116Cesl0

Delight the customer

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 

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Post ID: @111ekj6g

Have you heard?

When will layoffs begin? Why was the NES pushed out to February?

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Post ID: @110egPti

Smarmy response from MH to an honest Glassdoor review

"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 

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| 765 views | |
Post ID: @10RFqBSc

Will I be spared?

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 

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Post ID: @10ImQVPu

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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| 487 views | |
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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| 536 views | |
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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| 1424 views | |
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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| 743 views | |
Post ID: @10gP79cC

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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| 748 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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| 582 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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| 706 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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| 670 views | |
Post ID: @Zj9i9gl

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