Cengage Layoffs

Topics regarding layoffs at Cengage

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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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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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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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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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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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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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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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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Post ID: @Zyd6fhI

Bonus

What % are bonuses this year?

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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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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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| 405 views | |
Post ID: @ZqJmlic

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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Post ID: @ZoNfsLA

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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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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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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| 500 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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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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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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| 1174 views | |
Post ID: @XDKYtj6

Layoffs already started!

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 

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Post ID: @XBh1nRv

Layoffs coming?

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 

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| 723 views | |
Post ID: @XAA1weM

When will the investors say enough is enough?

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 

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| 536 views | |
Post ID: @XAdweca

Cengage Author fallout

I know it's been super tight lipped lately. Has anyone seen fallout from authors experiencing revenue drop from CU implementation?

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Post ID: @101TroyZ

Mason cuts?

I heard there were cuts in Mason last week. Can anyone confirm?

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Post ID: @YAARHHI

Cengage, the Confederacy of Dunces and wanton buffoonery

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 

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Post ID: @YD7DasQ

Big news coming

With the big news coming in a few weeks the will be really large reductions and reorganize. Hold on to your hats.

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Post ID: @YJkjoNV

Flat revenue and above guidance EBITDA

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 

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Post ID: @YKTzLNQ

What is everyone hearing?

Are there layoffs coming soon, or are they waiting until the merger is finalized next year?

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| 629 views | |
Post ID: @YWCrQMi

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