Topics regarding layoffs at Cengage
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.
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?
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
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.
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
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
Year after year of stagnant and declining sales compared to McGraw counterparts will lead to consolidation. Mcgraw DM's and reps for the most part will most likely remain untouched since they essentially cost the organization much less in salary and... — read more
Are there layoffs coming soon, or are they waiting until the merger is finalized next year?
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
With the big news coming in a few weeks the will be really large reductions and reorganize. Hold on to your hats.
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
I heard there were cuts in Mason last week. Can anyone confirm?
I heard a lot of people were let go in Farmington Hills today.
Regional VP's are doing spot check on outside sales reps in the weaker smaller territories. They're asking about KAM's and CSM effectiveness as well. They're out collecting data to determine who will be cut first.
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
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