Thread regarding Pearson PLC layoffs

Is there room for optimism?

Now that I’ve read the Pearson Q4 results transcript, I don’t know if I have any reason to be optimistic. I wonder if there will be layoffs and where and also who could be the target for layoffs. Someone has already mentioned that they think that Virtual Learning will be fine. I think so too, but I’m not quite sure about the other business divisions? Any toughts?

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Post ID: @OP+19NEJzTG

10 replies (most recent on top)

@mopg+19NEJzTG You are 1,000 percent correct. I've tried to sell higher ed content into the corporate space. Heck, companies have been trying to do this for years. They are two completely different markets.

You can pick around the edges....get lucky every once in a while but its not a viable option to generate the type of revenue that Pearson need. His line about "unlocking content" has been used for decades.

The other reality is that higher ed, love it or hate it has a very predictable sales cycle. Corporate training deals could take years. This has zero chance of succeeding at any scale.

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Post ID: @muoq+19NEJzTG

This is what the birdman doesn't seem to grasp. Pearson/Cengage/MGH only have name recognition within the HigherEd space, there's not a single company who would consider "corporate training" from a textbook company?

Think about it, we talk about skills gap all the time (or we're trained to at least) if the companies are complaining about the lack of skills coming out of college, WHY would then use the tools, training, and content which was used at the institution of which is responsible for the gap?

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Post ID: @mopg+19NEJzTG

@kmbu+19NEJzTG. Keep dreaming. Thats never going to happen. The products that Pearson-Cengage-MGH produce are really just digital versions of their textbooks. It's a mountain of content that no one needs or uses. Virtually all of these products were signed and developed as textbooks in the 1990's and 2000-2010.

The market doesn't want these products nor is it willing to pay. And as someone else posted there is no way that Pearson can compete in the corporate training world. Not a chance.

Pearson, Cengage and MGH will continue to die by a thousand cuts. There is nowhere to grow, no new markets and smaller, aggressive, and nimbler companies will eat away at share year after year.

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Post ID: @ldgi+19NEJzTG

Totally agree! The best option is for Pearson to merge with a Ed tech company that is strong in development and innovation. Pearson’s content is old but it’s expensive to create new content and we have a lot of customers too complacent to change. Our content and relationships are all we have and it would have some value to a company wanting to take it to the next level.

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Post ID: @kmbu+19NEJzTG

Pearson has no innovation and creativity. They have been milking old software and textbooks for decades. They are going to be left behind as higher Ed changes and won’t be able to compete in the corporate training world. Their reputation is not good and lack leadership with the vision and expertise that is needed for the changing education market.

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Post ID: @kkdp+19NEJzTG

Apparently the interim managing director is reading this thread because my accurate, honest post about the worst leader at Pearson was censored and removed. It’s ok. I don’t need to tell anyone - the whole POLS org knows you are worthless. And, it just proves you can’t deal with people who think differently from you or don’t kiss your ***. I’ve moved on to a better place and will laugh as you sink the ship. To everyone still at Pearson...HR is in on the game of targeting people so watch your back.

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Post ID: @hxee+19NEJzTG

It doesn't sound like anything has really changed for almost 10 years. Same results, same message, same environment of layoffs, outsourcing and doing more with less for those that remain.

Is anyone surprised?

Why are you still there?

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Post ID: @2jwg+19NEJzTG

Everything's great! Our new CEO plays cool tunes on Zoom and we are now a much more inclusive and diversity friendly company with our new head of diversity. These things are what makes a business, not sales or customer happiness.

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Post ID: @1ywc+19NEJzTG

If you are looking for optimism, this probably isn't the site to find that. I guess it all depends on where in the org. you are sitting. I think for the sales & marketing teams, things will continue to contract with more sales enablement/optimization resources. Same for production, as work will continue to be streamlined to preferred vendors. Product development might stabilize. Senior Leadership will remain fat.

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Post ID: @1ntg+19NEJzTG

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