Pearson released revised preliminary results for fiscal 2019. Overall the corporation was down 6% and sales of courseware here in the U.S. were down 12%. This represents loss of marketshare. Profs are either dropping Revel and MyLabs altogether... — read more
Topics regarding layoffs at Pearson PLC
https://www.ft.com/content/b77d985e-54a2-11ea-8841-482eed0038b1 "Revenue from its US textbook business fell 12 per cent last year, while print revenue was down 30 per cent and sales from bundles to university students plunged 45 per cent." Ok... — read more
I wasted three years of my life at Pearson...under a manager with ZERO management skills, unrealistic sales goals, and toxic team dynamics. It wore me down physically, mentally, and emotionally and impacted my relationships greatly. I left last... — read more
TB? Someone outside?
How many people work at the company? How about the headquarters at London?
"Guidance for 2020 was gloomier still, with adjusted operating profit expected to fall to £500M-£580M." https://seekingalpha.com/news/3532409-pearson-shares-fall-on-profit-warnings-and-cfo-departure
https://www.pearson.com/news-and-research/announcements/2020/01/pearson-january-trading-update–unaudited-.html "The weaker performance was driven by the following factors: Modest adoption share loss caused by the delivery issues due to the... — read more
I got caught in the one crm vortex of pre-qualification and negotiation and missed it, unfortunately. Got to make sure my data entry is on point. Tracking that business, navigating tah-blow, closing out opportunities after rummaging thru oasis... — read more
There are literally hundreds of openings just in the US, some of them published this month. Can somebody please explain to me why wouldn't they simply put a freeze on hiring instead of bringing on all these people just to have major layoffs a month... — read more
Weren't there some rumors about February?
I've noticed that when Pearson lays off people, they tend to get rid of talented folks with the most experience. Then when it's time to hire a replacement, it turns out they need two people to do the work of that one person. Now tell me, how is... — read more
As soon as a new ceo is found. He's gone. Interesting timing and perhaps a weak attempt for the company to save face in the midst of such drastic changes. Reminds me of Bagdad Bob during the Iraq War trying to convince the world that his country is... — read more
“Your tracking better be accurate & complete. Your sales data....hahahahahahaha. Yeah right.”
Whoever made the choice to move from Google to MS should be next on the chopping block.
This thread is for info about potential Pearson Layoffs 2020? Any news or rumors?
Is Pearson really having PLC this year?
Just had a flashback of Cengage weirdos joking about Pearson layoffs on their page this past May. They called us “obsolete cutie pies” - I was one of those who was cut (and found something much better quickly). I must say hearing about their layoffs... — read more
I recall Pearson Management a few years back stating they didn't expect college kids to purchase used books when the truth was that college kids had been purchasing used books for many years. For goodness sake, if there is one thing kids will do is... — read more
What choice do TB, RB, and others in NA leadership have but to stay at Pearson? Their legacy of destruction is so prominent. No one is their right mind would ever hire them. This is it for those leaders.
That is all. Except to say about f'ing time.
Who here thinks there will be another layoff come June? Everything is such a mess!!
Love how “eliminated” positions are renamed... and filled immediately with younger, less experienced/expensive talent. Zero experience? No problem! Doing the job of three is the norm. Good job, Pearson. The sixth straight year of the same BS reorg... — read more
Same ole, same ole: https://status.pearson.com/#/home Pearson reg is down on the first day of class Some things never change.
I’m 99.9999% convinced that Pearson is lead with such lack of intelligence. It could be a great company/job—but there isn’t a fully functional brain from in the area with Sr Leadership. Let’s release 5 hrs of modules during BTS and rather than... — read more
Wow. If we have customers left after BTS 2019 I'll be shocked. what a Sh*t Show.
My former role at Pearson was eliminated, I was laid off a month ago, and I’ve applied for another open position with Pearson. I am guessing that if I get it, I will be starting as a new employee again with none of the seniority in regard to yearly... — read more
Getting rid of the unprofitable...the end of an era? https://seekingalpha.com/news/3482189-pearson-reports-1h-results https://www.pearson.com/corporate/news/media/news-announcements/2019/07/pearson-2019-half-year-results.html
quote: It said this week it's ending regular revisions of all print textbooks in its higher-education category. As Pearson faces mounting pressure from the resale market, the move signals a growing shift in the publishing industry to a... — read more
Given tomorrow starts the 2019 NSM, where Pearson will act like it’s a tech company (along with a catchy slogan, Re!magine), it’s only fitting that folks post updates in a singular thread. At least, it’ll keep everyone entertained and up to... — read more
Does anyone know when we get paid severance?
I thought with the WARN Act, Pearson would be required to give terminated employees 60 days notice instead of the 30 days notice we were given. Am I missing something? Does severance make up for the 30 days or shouldn't it be 2 weeks for every one... — read more
Someone needs to let our authors and potential authors know what is going on at Pearson. So sad to see all of our authors being let down in so many ways. This company is going down fast and it isn’t just because of market conditions. What a disaster!... — read more
Anyone else keeping their laptop, iPad and phone? Its near impossible to send it back after the SFA help desk was let go.
Read the Annual Report and keep an eye out as quarterly reports are published. It’s all in there. Extremely telling is the info in the “risk” sections. Check out the identified risks in this April report: Form 20-F SEC April 04, 2019 starting on page... — read more
Does anyone know the criteria used to decide who was terminated? They let go of a Haltiwanger Award winner so I'm not sure how they decided.
Next time I hope the gods are with me and the severance comes my way. The learning modules are insane. Yeah 129 PowerPoint presentations are all I need to run this 4 mil dollar territory. Thanks Pearson for another miserable year. Maybe we will... — read more
I remember at a Reed Elsevier/Harcourt/TPC 2007 town hall gathering announcing we were up for sale and someone in the crowd asked "What are the chances of our competitor (Pearson) buying us?"... Response was, "Not going to happen, that would be a... — read more