I visit this cengage page and just laugh and laugh and laugh and start to feel better since the only people left at this clown company deserve everything coming to them. Hahahaha. You know who you are...
Topics regarding layoffs at Cengage
So Michael Hansen only shows up to do the 30 minute Keynote 4 days into the annual meeting. He basically berates(does not even try to do the usual fake hype/motivational stuff) everyone for "looking over their shoulder"! Smart people should be... — read more
How is it that MH has fostered so much subversion and anger contrasted with the fake image that Cengage is a progressive, contemporary dynamic software enterprise with the world's greatest CEO? Yet, the complete opposite is projected here in this... — read more
I do not understand why people think, or expect, companies to be loyal to them as employees. This is a capitalistic society. Money rules and employees are just that. They are people employed to make the company money. The company is the ruler – the... — read more
Has anyone else in the October "RIF" not seen a direct deposit since November 1?
I would personally be overjoyed. A chance to leave this place with a decent safety net - can't get much better than that.
https://finance.yahoo.com/news/mcgraw-hill-reports-strong-growth-134500869.html Astounding if they continue with the plan of putting Hansen in charge of a merged company.
I'd be interested in thoughts or details from Monday's town hall meeting. No doubt much of it was predictable, but was there anything noteworthy?
So many years I gave to this company, working late, overtime, from home, through breaks and lunches, furthering my education, and moving up to be let go right before the holidays. I really hope that the ones left do not make the same mistake I did in... — read more
The Cengage show is over, thank you for attending, ladies and gentlemen. Time to turn our minds to other matters and for those remaining at Cengage to begin whipping those resumes into shape! You will know it is time to peek in here again... — read more
Wow, glad I’m not in Higher Ed or Skills.
From a previous thread. This is accurate: The entire plan has always been to move to digital which will allow CL to gut its sales force and support infrastructure. Cengage's revenue will continue to decline. Notice there is no talk about growth in... — read more
MH is telling the investors that despite the revenue miss of 11%, Cengage will still deliver projected profits through continued job cuts in the 2nd half of the fiscal year.
I’ve read several posts stating there is an outlined plan for layoffs, transcripts of investor calls, etc. I’d like to review the data and try to put some things together. If you can help, please do.
I have heard rumors that there will be another wave of lay offs before Thanksgiving break. Can any one confirm? Will it hit sales again or will it focus on sales support, customer service, marketing, etc..?
Or were they? Anyone aware of losses from the field, or were they spared? What about the person whose entire team (less 2) + manager was slated for an HR call? Was that an inside team that was being spoken of? Is this thing over yet or is... — read more
Feeling frustrated and angry over the job loss situation at Cengage? Want to give Michael Hanson and others on the management side a piece of your mind? Just feel like venting or sharing? This here's the place. It is true, Hanson's job is... — read more
bumping up from a previous post INTERNAL "Red Flag" INFO CENTER This discussion thread is intended to serve as a "red flag" center for any/all updates surrounding layoff activities. Let us try to keep each other informed and forewarned as... — read more
It's going to be a big one.
Friday, 15 November, 8:30 a.m.
I do not think we are going to hear of massive losses on the next Cengage investor call. Rather, I am pretty sure this has been the plan all along. In August, during the last investor call, they reported stable to moderately down revenues. And... — read more
It was held on November 8th last year, and they haven't announced a date yet.
. . get to sit on pins & needles for another few weeks. That's great - now get out there and close some more CU units! We need everyone on campus! Sell! Sell! Sell! My bet is the week of 11/18 . . .
Advice bits from one who went through this ... The totality of severance will likely not be enough to get you by until you find a replacement gig. It is different for every individual, as the OP suggests. Be sure to ask for specifics - and write... — read more
I’ve heard a lot of rumors the last 2 days about a QA reorg coming. Has anyone else heard about this?
Will there be more layoffs?
I haven’t heard anything yet, but waiting for the shoe to drop. There are lots of rumors in mason but not sure what to believe.
Any word when the illustrious and virtuous RVP’s get the axe along with their loyal and enigmatic DM’s? ;)
Officially the offices in NY and Monterey, CA closing
I’m really hunting for experiences of people that have been let go already. I know that p[people have different needs and different spending habits, but in normal circumstances is the severance package something that can realistically sustain you... — read more
Is it HR, upper management, someone else? I can't imagine that middle management would have a say. Even some upper management has been let go. Who decides who stays and goes?
What is the severance package being offered? Is the job placement resources worth a damn? How deep will these go?