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
Topics regarding layoffs at Cengage
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.
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
SF office is being closed taking 200+ jobs with it. Smaller layoffs have started in Mason and Boston. Chicago is rumored to be next for a closure and field sales is rumored to be the next division with major layoffs. The saddest part of the whole... read more
Can someone explain to me how MH has been CEO for so long? The numbers have gotten worse every quarter for, what, 5 consecutive years? MindTap flopped, and the company was caught sleeping on rentals and now OER. He has a new excuse on every investor... read more
Heard there'd be major cuts in Cengage Field Sales next month. Any truth to this?
I left the company 3 years ago when the cult mentality started taking hold, and it sounds like it’s gotten out of control. With revenue nosediving over the past few years - and Cengage Unlimited’s inability to slow the bleeding - doesn’t the company... read more
In this morning's investor call, held 7 November 2018, Cengage announced plans to significantly streamline the organization this summer, once two seasons of Cengage Unlimited are complete.
Who's worse off, Cengage or Pearson? Which company is more corrupt? https://www.thelayoff.com/t/TLJ8VMn
Cengage is in the same trouble as Pearson. How many more jobs will be lost?