This thread is for info about potential Pearson Layoffs 2020? Any news or rumors?
10 replies (most recent on top)
Pearson's problems in North America - HE aren't a function of the current sales management. Maybe some aren't the best, but they competent enough to compete. You don't have to be Zig Ziglar to be successful in this space.
The biggest issues are related to lack of new products and innovation; lack of coherent strategy; hubris in ignoring OER too long; and the British mentality of running a company - it's OK to let the senior management run the company into the ground because it would be bad manners to point it out.
Pearson is probably far more valuable if it were broken up into pieces and may be the best rememdy at this point.
Don't worry - management has decided to change ALL pricing across the board to end in .99, so that should win back much of the lost business. Apparently, they hired some market research clowns that told them "customers respond better to this pricing model than even numbers."
All we're hearing is rumors at this point, "the market" seems to be taking note.
My prediction is the next few rounds of layoffs will be much smaller and come with no warning. The Services group and DSS’s will probably be cut in numbers in the next 6 months with another small cut in the sales force moving accounts back inside. The training group doesn’t appear to be doing much so I could see that group totally eliminated or cut to one person. We survived without them when we were much larger.
Since about 80% of the people laid off end up recycled into another BS role at Pearson the layoffs will never end.
This company will continue to shrink in terms of revenue. Due to the nature of business going elsewhere, buying behaviors, and market trends AND due to very, very, VERY poor leadership. (I mean seriously, is anyone confident in RB, any of the VPs, the training team, etc.?)
When revenue shrinks, cuts/layoffs happen. It is a 1:1 ratio. Anyone that thinks they are secure in their role/job is fooling themself.
Advice: get out before there are mass layoffs, again, and you’re competing for limited openings.
There will be continual layoffs as the company continues to plummet. Learn from the past 2 summers and buckle up!
is there still anyone left to lay off ?
The stock isn't doing any better. https://lampnews.com/2019/11/17/trending-stock-news/analysts-at-bidaskscore-give-pearson-nysepso-a-downgrade/