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
5 replies (most recent on top)
I worked in Farmington Hills. The editorial people who have been let go over the years end up either freelancing for a much lower salary or getting oddball editorial jobs (i.e. editing technical manuals for an auto supplier) that probably pay like $40K. I worked in that area for a year and realized it was a dead end career at best, and a career ender at worst.
Interview where? Honestly, most of the non-tech workers are qualified to work at Pearson, Wiley or McGraw Hill, and those are the ones who are lucky enough to be living in the Boston area.
Imagine what the poor folks in bumfu** Ohio or Albany are going to do once their branches are consolidated/shuttered? The WFH option was available for a few managers/higher ups in SF but I doubt the average person in Farmington Hills or Mason will be as lucky.
Instead of updating your resume start taking classes and preparing for a career change. I would guess Pearson and Wiley are getting a ton of resumes right now.
The Feds will talk a bunch and rubber stamp this merger. At the most they'll make the company sell a few titles.
I can see the minions now...huddled around cubes, talking in hushed tones that maybe, MAYBE...this mess can be avoided and everything can go back to the way it was. Sorry minions. There's a freight train headed your way in a few short months. Now is the time to update those resumes and start interviewing. Or say a prayer...its up to you.
Doubtful. The DOJ just cleared the T-Mobile/Sprint merger, which will create a $146 billion giant. McCengage will be worth maybe 1-2% of that. Textbook publishers are a relative blip on the radar to the DOJ. Also consider that the Trump administration has made deregulation a priority. The private equity vultures timed this one right and know what they're doing. No one cares about this outside of a few small advocacy groups...it's in Inside Higher Ed, not the Wall Street Journal. Sorry Cengage employees, but the purge is still on track for 2020.