With a stock that is plummeting at record pace, anyone hearing about new layoffs?

With the recent filing for an IPO, I’m expecting mass cuts to make the company look more profitable and juice margins. How many will lose their jobs? What’s the goal here?

Heard platinum hired McKinsey to come in and cut the fat. A “re-org” is on the horizon. Anyone have any details/info on which departments will be affected?

Hearing that there were layoffs in ALEKS. Anyone affected? What's the scope?

Last week via a Zoom meeting about 20 McGraw-Hill Professional staffers were let go. The company is ending its publication of Business and Education books, leaving only Medical and Technical. Layoffs included editors and support staff. Standard MH... — read more 

Interesting to see the pics from the NSM and the money the company spent -- I'm just curious, do you all think McGraw Hill is the whitest sales force you have every seen? My goodness every group pic looked like pics of them from the old South.

Last week McGraw Hill Professional laid off about six people in their print production area.

https://www.highereducationinquirer.org/2022/01/how-university-of-phoenix-failed-its.html https://www.thelayoff.com/t/1f52Th9z

https://www.highereducationinquirer.org/2022/01/how-university-of-phoenix-failed-its.html https://www.thelayoff.com/t/1f52Th9z

I'm curious what you insider wags have to say about today's acquisition of McGraw Hill by Platinum Equity. Will there be layoffs? Go!

Isn't this about what Apollo is up to? Buying McGraw Hill and forcing it to take out loans on itself to finance the purchase? ... — read more 

Heard there were some positions eliminated in the school group. Any updates on how many and where?

Having worked for McGraw Hill for about 30 years, I feel it's fair to say that top management is ill-equipped to compete on the digital frontier (and the death by a thousand cuts like OER, lean digital ed tech players, even mega giants such as... — read more 

Boy, MH really dodged a bullet with this one! https://www.thebookseller.com/news/mcgraw-hill-and-cengage-call-planned-merger-1201898

https://www.prnewswire.com/news-releases/mcgraw-hill-and-cengage-jointly-agree-to-terminate-planned-merger-of-equals-301051596.html

"Put simply, given this large (and growing) number of opponents, there is very little chance the merger closes in its current form." https://www.natlawreview.com/article/uk-begins-phase-ii-probe-cengagemcgraw-hill-merger

A piece on the InsideHigherEd site, the proposed "McCengage" merger delay may spell chaos for the important fall start/selling season and may not end up going through at all. The major issue seems to be the amount of overlap in lists and the number... — read more 

Merger deadline has been extended until 1 May 2020. Regulatory approval is still a question mark, as significant objections have been raised in the UK and in Australia, along with numerous groups in the U.S. (most notably the College Bookstore... — read more 

Looks like MHE tech and operations teams are being gutted for higher ed and school. Are the other businesses affected. Any word on sales and customer support cuts? Who will be left to build new products? Santa monica closing? Any word on what... — read more 

can someone comment on this https://www.thelayoff.com/t/12unrBIq

If I were you I'd be really worried this extremely bad mojo is about to infect your organization. MH is bringing a big load of b—s— to your doorstep real soon. check out the cengage stuff: https://www.thelayoff.com/cengage

Looks like our friends are going thru a tough financial situation. Is it possible that the merger won't happen now?

I’m concerned McGraw is going to be consumed by Cengage. We have been stealing business from Cengage for years and Cengage always seems to be restructuring and trying new thing unsuccessfully. Maybe time to go back to Pearson?

Revenue has plummeted

was there a transition announcement made today?

https://www.thelayoff.com/t/11jD0QRU

https://www.thelayoff.com/t/10ImQVPu

https://www.thelayoff.com/t/104aXKKe

https://www.thelayoff.com/cengage

How worried should I be with MH taking over as CEO? How will the sales force be determined? Who will run it EM/MGH or ER/CL? The Pearson reorg seemed to favor those with PH ties so worried Cengage reps will have the advantage.

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.

I heard 150 McGraw employees in Columbus - a quarter of the building - were let go last week. That’s from someone inside the building. They are not waiting around to start the strip part of the strip and flip. If reorgs and layoffs are a part of life... — read more 

https://www.thelayoff.com/cengage

https://www.thelayoff.com/t/YQ7z094

https://www.wsj.com/articles/mcgraw-hill-cengage-plan-all-stock-merger-11556683590

McGraw-Hill is part of the US College Meltdown. Let me know what is happening. https://collegemeltdown.blogspot.com/

Here's a little insider information about the upcoming Re-Org. Will it happen in November before the Main Sales Season or in April/May after the Sales season... that's the Question? Now our new leader "NB" has to decide when to Execute his plan, but... — read more 

Is it true that we'll have yet another reorg this year (2018) and if yes what will be changed? Not sure if anyone has this info, if yes, please share it with the rest of us.