Thread regarding Pearson PLC layoffs

Gloomy 2020

"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

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Post ID: @OP+1374kscS

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@1374kscS-xry Not sure what the right answer is either?

DM/VP are still all pushing the same story with digital first, which all makes sense when we talk about it, but I'm continuing to see my revenue decline, additional admin work, less time on campus, and MAYBE selling over the phone?

Is there anything in the future to be excited about at this point? GLP from a customers point of view is simply REVEL, we know it's going to be more stable but does that really get our customers excited to use Pearson vs others?

I love my team, but gosh something's got to give here!

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Post ID: @nvc+1374kscS

Not trying to take blame off of JF. But what vision did MS have before him?! She is just as much to blame. Her lack of vision for the future is astounding. In fact, her only vision was to drive up the print market and jump ship at the perfect moment. Kiddos to her for steering the ship right into the iceberg and having a private dingy to float away on.

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Post ID: @mvh+1374kscS

Eeyore couldn't have said it better. Gloomy since Fallon was brought on board. Fallon kind of looks like old . Stopped my sentence cause Momma always said that if I can't say something nice, ....

Not sure what the right answer is here folks. Hold out for the package. Bail. Hope for an acquisition or private buyout. All I know is that the future is currently very bleak.

Management efficacy at its finest.

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Post ID: @xry+1374kscS

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