Cengage Layoffs

Topics regarding layoffs at Cengage

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

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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| 558 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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| 1208 views | |
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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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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| 667 views | |
Post ID: @10xoazVz

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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| 769 views | |
Post ID: @10k15AFN

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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| 858 views | |
Post ID: @10q1OlfS

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

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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| 455 views | |
Post ID: @10pjiz9B

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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| 885 views | |
Post ID: @ZoNfsLA

What about Cengage culture?

Have any of you ever noticed how glaringly obvious that Cengage employs mostly white women of child bearing age? Have any of you noticed there are about 6 african americans and at least 30 latinx? Have any of you noticed there are very few men and... —  read more 

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| 835 views | |
Post ID: @10fKwHEK

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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| 669 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

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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| 600 views | |
Post ID: @ZZZvJwd

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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| 592 views | |
Post ID: @100I6iZw

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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| 1116 views | |
Post ID: @ZUhid4Q

150 McGraw employees let go last week

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

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| 1010 views | |
Post ID: @ZbgPM0p

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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| 553 views | |
Post ID: @ZLYFRUD

K-12 Business

Anyone have any ideas how the K-12 side of things (NGL) will be handled?

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| 711 views | |
Post ID: @ZD5v78z

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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| 809 views | |
Post ID: @ZDKPGR1

Transition Teams

How many are there? Guess if you’re on one you have job security, otherwise watch out.

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| 1421 views | |
Post ID: @Zyd6fhI

Bonus

What % are bonuses this year?

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| 693 views | |
Post ID: @ZvJZQVP

District manager position

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.

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| 1697 views | |
Post ID: @Zcr0euj

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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Post ID: @ZqJmlic

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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| 888 views | |
Post ID: @ZkXSYXt

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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| 632 views | |
Post ID: @Zj9i9gl

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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| 638 views | |
Post ID: @ZkkCjiC

Q2 Not Looking Good

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?

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| 704 views | |
Post ID: @Zhn6xTW

Slimming the two mirroring entities into one

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 

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| 645 views | |
Post ID: @ZcWzL58

Q3 Earnings

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 

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| 1255 views | |
Post ID: @XDKYtj6

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