Topics regarding layoffs at Cengage
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'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
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
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
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.
Anyone have any ideas how the K-12 side of things (NGL) will be handled?
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!
How many are there? Guess if you’re on one you have job security, otherwise watch out.
What % are bonuses this year?
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.
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!
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.
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
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
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
Heard there'd be major cuts in Cengage Field Sales next month. Any truth to this?
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
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
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
I know it's been super tight lipped lately. Has anyone seen fallout from authors experiencing revenue drop from CU implementation?
Who's worse off, Cengage or Pearson? Which company is more corrupt? https://www.thelayoff.com/t/TLJ8VMn — read more
Cengage is in the same trouble as Pearson. How many more jobs will be lost?
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.
I heard there were cuts in Mason last week. Can anyone confirm?
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
With the big news coming in a few weeks the will be really large reductions and reorganize. Hold on to your hats.
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
Are there layoffs coming soon, or are they waiting until the merger is finalized next year?